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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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Fort Worth breaks ground on $8.6 million South Main renovation

Fort Worth Near Southsiders and city officials broke ground Monday on the 18-month rebuild of South Main Street between Vickery Boulevard and West Magnolia Avenue.

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Body-camera maker has financial ties to former Fort Worth police chief, others

IOWA CITY, Iowa (AP) — Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions.

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Fort Worth Police association planning 25,000-square-foot offices

The POA, which recently demolished its one-story building at 904 Collier St. near downtown, is planning a five-story replacement.

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Texas energy company raises $390M from IPO

 

NEW YORK (AP) — Independent oil and natural gas company RSP Permian has raised $390 million from an initial public offering of its common stock.

The offering of 20 million shares was priced at $19.50 per share.

RSP Permian Inc. is selling about 9.2 million shares, while selling stockholders are selling approximately 10.8 million shares.

The selling stockholders are giving the underwriters a 30-day option to buy up to an additional 3 million shares to cover any excess demand.

Dallas-based RSP Permian plans to use about $166 million in net proceeds to fully repay its term loan; to make cash payments to some existing investors; to pay bonuses to certain employees, to lower outstanding borrowings under a revolving credit facility and to fund part of its capital expenditure plan.

The company won't receive any proceeds from shares sold by the selling stockholders.

The stock is expected to start trading on the New York Stock Exchange on Friday under the "RSPP" ticker symbol.

The offering is expected to close on Thursday.


 

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