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Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

A design panel proposes two buildings on Trinity Railway Express lot on Near Southside, with a mix of apartments, retail, office and parking, and frontage on West Vickery and views across I-30 and overlooking downtown.

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Sundance Square prepares for time in college football spotlight

ESPN is bringing its College GameDay broadcast to Sundance Square to open and close the college football season this year.

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Trinity Terrace to build 23-story River Tower

Trinity Terrace, the Fort Worth retirement community that overlooks the Trinity River downtown, plans to launch construction in November on a 23-story River Tower, the nonprofit that owns the property said Friday.

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Fort Worth-area human resource awards seeks nominations

The Fort Worth Human Resource Management Association (FWHRMA) has announced their inaugural Human Resource Professional of the Year Award.

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Downtown Fort Worth TIF board extends two free parking leases

The short-term extensions for the City Center and 777 Main free parking leases, two of six downtown garages that offer free night and weekend parking paid for by the TIF, come as the TIF board debates best uses for its tax dollars as the district enters its final 10 years.

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Council: Meacham may get $14.5M for makeover

By A. Lee Graham

lgraham@bizpress.net

 

Fort Worth Meacham Airport could receive a $14.5 million terminal makeover as the venerable air hub undergoes significant renovations following the addition of a new tenant.
“This is a transitional time for this airport, a truly once-in-a-lifetime occurrence,” said Bill Welstead, the city’s aviation director.
Explaining the proposed facelift at the pre-council portion of the April 16 City Council meeting, Welstead emphasized the need to continue the momentum spurred by American Aero Fort Worth after the fixed-base operator last year moved into facilities formerly occupied by Atlantic Aviation.
American Aero also plans to renovate the hangar originally occupied by American Airlines and constructed in 1933. It’s a project that Welstead says affirms American Aero’s commitment to the airport as it plans to construct a fixed-base operation set for completion later this year.
A fixed-base operator is a business operating on airport grounds and providing aircraft maintenance, flight instruction and other aeronautical services to general aviation operators.
As a general aviation airport, Meacham offers corporate jet flights and other services but not scheduled commercial flights.
Though the terminal renovation requires City Council approval — and no date for council consideration has been set — Welstead is confident that the project will move forward. Funding all but $500,000 of the $14.5 million estimated cost would be city gas well tax revenues, with the Texas Department of Transportation funding the balance.
Meanwhile, the state transportation agency is acting as Meacham’s agent in securing federal funding for taxiway and runway improvements planned to be constructed in the next three to four years.
Other planned improvements include the American hangar renovation, budgeted at $10 million and funded by American Aero; constructing a new hangar on the airport’s west side, with tenant Richardson Aviation paying the $20 million cost; relocating a communications tower as part of that hangar project, expected to cost $2.2 million; and $30 million invested by American Aero for its office space along North Main Street.
American Aero is an affiliate of Keystone Group LP, owned by Fort Worth financier and philanthropist Robert Bass.
District 2 Councilman Sal Espino lauded the plan.
“Fort Worth has a rich aviation history, and obviously Meacham is a part of that history,” Espino said.
 

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