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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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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, Texas high school stadium closed by cracks

$60M Allen Eagle Stadium faces more troubles. Photo courtesy of Allen ISD

ALLEN, Texas (AP) — A $60 million high school football stadium that opened to massive fanfare in 2012 will be shut down for the upcoming season after cracks were found in the building's concrete concourse.

Administrators in Allen, Texas, northeast of Dallas, had hoped to have Eagle Stadium ready for this fall's games, but said further inspections found the structural problems will need significant repair. They insist the architectural firm and construction company will fund any repairs.

The district said Tuesday that both companies had offered $1 million each to allow repairs to begin, but that their insurance companies refused to make the payments.

"Our commitment to Allen students and taxpayers

remains firm that the stadium be repaired properly at the expense of those responsible for the failure: the architect and the builder," superintendent Lance Hindt said in a statement.

Allen taxpayers approved a $119 million bond issue that included funding for the 18,000-seat stadium, with a high-definition video board, a second deck on one sideline and vendor stands hawking Chick-fil-A and Texas barbeque.

The facility is the flashiest example of the grandeur of high school football in Texas, where the "Friday Night Lights" have been glamorized in books, movies and television.

But the district had to close the stadium in February after extensive cracks were discovered in the concourse. An outside consulting firm hired by the district has found further building code violations, including parts of the stadium where seating capacity exceeds the legal maximum by more than 70 percent.

Allen, which won the Class 5A Division I state championship last year, will not sell football season tickets this year. It will host three "home" games at two stadiums in neighboring Plano and switch two other home games to road games.
 

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Training Camp
Training camp is starting this week. How will the Dallas Cowboys do this season?