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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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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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Denton could be first city in state to ban fracking

EMILY SCHMALL, Associated Press


DENTON, Texas (AP) — A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first place in Texas to permanently ban hydraulic fracturing.

A temporary ban is in place until September, but fracking opponents want to make that permanent through an ordinance that would prohibit the practice in Denton.

Operators would be allowed to continue extracting energy from the 275 wells in Denton that have already undergone fracking, but not initiate the process on old wells.

The city council will have 60 days to hold a public hearing and to vote on a measure expected to be submitted Wednesday.

"There's industrial activity right in the midst of a residential area diminishing people's property values and exposing them to toxins," said Adam Briggle of the Denton Drilling Awareness Group, the non-profit that organized the petition.

The fracking process involves blasting a mix of water, sand and chemicals into deep rock formations to free oil and gas.

The process has led to major economic benefits but also to fears that the chemicals could spread to water supplies and worsen air quality.

Under Texas law, land ownership is split between the surface and the minerals below, and in Denton, most of the mineral rights are held by estates and trusts outside Texas. Fracking in the city has created a divide between owners of mineral rights and residents who have to live with the consequences.

At the intersection of Vintage Ave. and S. Bonnie Brae in Denton, newly built homes face gas wells located about 200 feet away.

Industry proponents argue that fracking can be done safely and is cleaner than other forms of energy extraction. Of the 19 oil and gas companies operating in Denton, EagleRidge Energy is among the biggest.

"There is no question that wells can be drilled and fracked safely," said EagleRidge Chief Operating Office Mark Grawe. EagleRidge would consider a ban on fracking a violation of property rights and would likely lead to a claim against the city, Grawe said.
 

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