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Bicycling, fitness center, rooftop bar coming to Clearfork's Trailhead

An 11,000-square-foot bicycling and fitness center is headed for the Trailhead at Clearfork on the Trinity River in west Fort Worth, Cassco Development said Wednesday.

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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Globe Life Park is new name for Ballpark in Arlington

ARLINGTON, Texas (AP) — The Texas Rangers reached a 10-year deal Wednesday to immediately change the name of their 20-year-old stadium to Globe Life Park in Arlington.

Rangers Ballpark is being renamed under an agreement with Globe Life and Accident Insurance Co. of Oklahoma City. Globe Life, which began operations in 1951, is a wholly owned subsidiary of Torchmark Corp. in McKinney, which is in the Dallas area.

Financial terms weren't disclosed.

"Globe Life is the perfect partner — a Texas-based company that has been helping families with their insurance needs for more than 60 years," Rangers co-owners Ray Davis and Bob Simpson said in a statement. "This agreement makes us a stronger organization, on the field and in our community. It will give us increased flexibility and help us remain competitive from both short-term and long-term perspectives."

Last July, the adjacent Dallas Cowboys' stadium was renamed AT&T Stadium under a lucrative long-team deal with the Dallas-based telecommunications giant.

Under the agreement, Globe Life will be the official life insurance partner of the Rangers. The company will also make a substantial commitment to support youth baseball and softball programs through a grant partnership program with the Texas Rangers Baseball Foundation.

Bill Leavell, president of Globe Life, said the life insurance provider has more than 330,000 policyholders in Texas. The company, with 3.9 million policyholders overall, employs 650 people at offices in Oklahoma City and McKinney.

"Sponsorship of Globe Life Park in Arlington is a natural fit for Globe Life And Accident Insurance Company," Leavell said. "We look forward to expanding our community involvement and helping make a difference in the lives of Texas families."

With the Rangers renaming their stadium, 21 of the 30 major league teams have now sold naming rights to their ballparks.


 

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