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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Housing Authority reopens Knights of Pythias as lofts

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth Housing Authority on Wednesday officially opened an 18-unit apartment development in the hull of the historic Knights of Pythias community hall in downtown’s Hillside.

The opening of the13,228-square-foot development, which includes 10 affordable-rate and eight market-rate apartments, helps fill in a hole in the downtown map and its residential inventory, representatives of the Housing Authority, city, federal Housing and and Urban Development department, and Downtown Fort Worth, Inc., said.

“This is just a small dent in the need,” Barbara Hulston, the Housing Authority CEO who recently retired and is welcoming her successor, Naomi Byrne, this week, said in an interview.

“But what’s significant about this is the affordability downtown. There’s not a lot of affordability downtown.”

Quadco Management Solutions began leasing the property Feb. 27, and it has one vacancy left: a two-bedroom, one-bath, 845-square-foot market rate unit for $1,900.

Four of the market-rate units in the complex are 745 square feet and rent for $999. The Housing Authority pays for water; tenants pay other utilities. The apartments come with complete appliance packages, including washers and driers.

The affordable rent apartments are targeted at people who make 80 percent of area median income.

The Fort Worth developer Phillip Poole held the property and envisioned four condominiums with parking, but he wasn’t able to get it financed, so he sold the property to the Housing Authority.

“The Housing Authority had the funds, could step in,” Poole said during Wednesday’s opening. “They’ve done an outstanding job.”

The Housing Authority borrowed $950,000 from the city through Community Development Block Grant money, and $1.5 million from CommunityBank of Texas, and it doubled the original building footprint in the redevelopment.

The 87-year-old building had been vacant and deteriorating for years.

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