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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

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Westchester Plaza manager says "business as usual" for now

The future of a redevelopment plan for the 50-year-old Westchester Plaza on Fort Worth's Near Southside is unclear.

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Price appeal: Condos going up on Near Southside

Chris Brassard and Omar Diaz had apartments in mind when they built a 12-unit complex on May Street just south of West Magnolia Avenue on Fort Worth’s Near Southside. Then their leasing agent, Will Northern of Northern Realty Group, suggested they consider selling the units as condominiums.

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Hillwood: Walmart plans Alliance expansion

A. Lee Graham

lgraham@bizpress.net

Walmart.com’s e-distribution center at Alliance is expanding. According to Mike Berry, president of Hillwood Properties, Walmart wants more space for its 800,000-square-foot facility that opened late last year.
“They’re getting ready to expand. They’re trying to keep up with Amazon with e-commerce,” said Berry, while not revealing specifics. “Walmart is the one that’s trying to catch up. They’re on a very aggressive path to try to grow their e-commerce platform.”
Speaking at a May 28 Society of Commercial Realtors Breakfast at Colonial Country Club, Berry expressed uncertainty about the local impact of the $5 billion effort to expand the Central American canal. Since 1914, the canal has allowed shippers much quicker passage between Pacific and Atlantic oceans than navigating south around the South American continent.
The expansion project is expected to reach fruition in 2015.


For the first time since its opening a century ago, the 48-mile channel will double its capacity with two new sets of locks, or equipment allowing ships to be raised or lowered between stretches of water of varying levels.
Currently, the existing ship lane is not deep or wide enough to accommodate the larger vessels. A new lane will allow ships three times larger than vessels currently moving through the canal.
So what’s Hillwood’s stake in a multibillion-project so far south of the United States? That rests with imports and exports passing through North Texas and whether volumes will rise or fall when the expanded canal opens.
Los Angeles and Long Beach ports in California, which regularly ship goods to AllianceTexas, are among ports nationwide in retrofit mode, with some requiring millions of dollars to fulfill dredging and other strategies to accommodate the larger vessels and make their ports competitive with the expanded canal.
While some fear the canal will steer traffic away from those ports, others aren’t so sure.
“Is it a threat or an enhancement?” said Berry, skeptical that the expansion will boost the volume of imported goods while hopeful that it could boost U.S. natural gas exports to Europe and Japan.
 

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