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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Fort Worth council approves tax abatement for Sprouts grocery in Ridglea

The abatement would be to VCB Property, which also won an abatement to build a strip retail center.

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MetroPCS board recommends sweetened offer from Deutsche Telekom AG

RICHARDSON, Texas (AP) — The board of MetroPCS is unanimously recommending its shareholders vote in favor of the sweetened buyout offer from Deutsche Telekom AG, the parent company of T-Mobile USA.

Deutsche Telekom said the original offer had T-Mobile contributing $15 billion in debt to the combined company. The new offer announced last week reduces that to $11.2 billion, effectively making the combined company more valuable. Deutsche Telekom also said it would also reduce the interest rate by half a percentage point.

The ownership structure remains unchanged, with 26 percent of shares being held by current MetroPCS shareholders and 74 percent by Deutsche Telekom.

MetroPCS Communications Inc. rescheduled its special meeting for April 24 to give shareholders time to consider the offer. Its stock fell 46 cents, or 4 percent, to $11.06 Monday morning.


 

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