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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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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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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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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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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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$60M Allen stadium closed indefinitely due to cracks

ALLEN, Texas (AP) — A $60 million Texas high school stadium that got national attention for its grandeur and price tag will be shut down indefinitely 18 months after its opening, school district officials said Thursday.

Eagle Stadium in the Dallas suburb of Allen will be closed until at least June for an examination of "extensive cracking" in the concrete of the stadium's concourse, the district said in a statement Thursday. The closure will likely affect home games at the stadium this fall, the district said.

Built in 2012 as part of a $120 million bond issue, Eagle Stadium seats 18,000 people and sports a 38-foot-wide video board. Eagle Stadium's opening was a moment of triumph for the community of Allen, a fast-growing Dallas suburb that has become home to a high school football powerhouse. The Eagles won the Class 5A Division I state championship last year.

District officials defended the cost — an eye-popping figure even in football-mad Texas, home to hundreds of schools playing under the "Friday Night Lights" — by calling the stadium an investment for generations of future Eagles fans and a much-needed upgrade from the district's previous 35-year-old field.

They planned to host state playoff games and other events at Eagle Stadium. Instead, the district's graduation ceremonies will be affected and all other events are now on hold.

"This is a significant investment for our community. We are very disappointed and upset that these problems have arisen," said interim superintendent Beth Nicholas said. "It is unacceptable. Our students, families, and the entire community have always supported the district and our commitment to them is to make sure this issue is appropriately resolved."

Officials said an engineering firm has completed about 10 percent of its review of the stadium. It is expected to recommend "appropriate" repairs, the statement said.

PBK Architects, the Texas firm that designed the stadium, did not return a message seeking comment Thursday.
 

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