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Great Woman of Texas; Stacie McDavid

“I’ve always been a maverick in a number of ways,” says businesswoman and philanthropist Stacie McDavid.

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Thousands rally across US after Ferguson decision

Thousands of people rallied late Monday in U.S. cities including Los Angeles and New York to passionately but peacefully protest a grand jury's decision not to indict a white police officer who killed a black 18-year-old in Ferguson, Mo.

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Fort Worth Thanksgiving schedule announced

Thanksgiving closures have been announced, with most Fort Worth city offices – including City Hall – set to close Thursday Nov.27 and Friday Nov. 28 for the holiday, according to a city news release.

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Hope Lancarte of Joe T. Garcia's dies

Hope Lancarte, who ran her father's restaurant, Joe T. Garcia’s, for decades, died Thursday morning.. She was 86.

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Earthquake hits on Saturday near Irving

A 3.3 magnitude earthquake shook the Dallas-Fort Worth area around 9:15 p.m. Saturday night, according to the United State Geological survey.

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American Airlines seeking tax breaks from Fort Worth for center

By Scott Nishimura

snishimura@bizpress.net

 

Fort Worth is considering a one-year tax abatement and a 14-year economic development grant agreement - up to a total $6.t million - to help American Airlines build its planned Southern Reservations Center at 4700 American Blvd.

 

The City Council will vote on the proposed agreement Tuesday. As part of the agreement, it will also vote on waiving up to $32,000 in development fees. 

 

To get the maximum incentive, American is committing to $55 million in construction and $33 million in personal property improvements by Dec. 31, 2015.

 

“Failure to meet the real property investment is a condition of default and will result in immediate termination of the agreement,” the city staff told the City Council in a report.

 

The one-year tax abatement would potentially abate up to 85 percent of city property tax added by the real and personal property on the site.

 

Under the economic development agreement, the city would make annual grants to American for up to 85 percent of the city property tax added but the real and personal on the site.

 

To get the full incentive, American is committing to employ a minimum 1,300 full-time employees on the site by Dec. 31, 2015.

 

The company will fill the greater of 15 percent of all jobs, or 195, with Fort Worth residents, or the greater of 5 percent of all jobs, or 65, with Fort Worth central city residents.

 

To get the maximum incentive, American is also committing to spend the greater of $13.75 million, or 25 percent of construction costs, with Fort Worth contractors.

 

The company is committing to spend the greater of $13.75 million, or 25 percent of construction costs, with local contractors that are minority or women-owned.

 

The overall contracting and minority and women contracting figures can overlap.

 

American also committed to spend the greater of 30 percent or $150,000 of annual discretionary supply and service expenditures with Fort Worth contractors.

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Midterms
What was the message of the midterm elections?