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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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Oil drops below $99 on China slowdown jitters

 

The Associated Press

The price of oil dropped below $99 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand.

Benchmark U.S. crude for April delivery was down $1.34 to $98.70 at 1030 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped $1.09 to close at $100.03 a barrel Tuesday.

China's lower exports in February have fueled worries of a further slowdown in the world's second-largest economy, which would tamp down demand for energy. China's economic growth of 7.7 percent last year was the lowest in two decades.

Oil prices have been dropping after being pushed higher last week by fears that Russia's military incursion into the Crimean peninsula might lead to U.S. and European sanctions on one of the world's largest energy suppliers. Expectations of larger U.S. stockpiles and potential weaker demand as winter ends later brought futures back down.

Brent crude, used to set prices for international varieties of crude, was down 65 cents to $107.23 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 2.1 cents at $2.946 a gallon.

— Heating oil was down 2.4 cents at $2.937 a gallon.

— Natural gas was steady at $4.606 per 1,000 cubic feet.

 

 

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