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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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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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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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Fort Worth TIF approves incentives for Westchester Plaza redevelopment, second 217-unit apartment property

A California REIT plans to buy the 50-year-old Westchester Plaza, demolish it, and redevelop the site with apartments, retail, medical-office, and parking.

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Update: Crews burn house teetering on Texas cliff

The house dangling from a cliff above Lake Whitney in Texas was set on fire Friday, June 13, 2014.
Credit: Chris Davis/KCEN

WHITNEY, Texas (AP) — Charred debris from a luxury cliff-side home fell 75 feet into a lake below on Friday after fire crews set the $700,000 retreat ablaze rather than wait for it to crumble into the water as the land faltered around it.

It took less than an hour for the fire to level the home above Lake Whitney, about 60 miles south of Fort Worth. Flames consumed exterior walls after crews spread bales of hay and fuel to ignite flames throughout the expansive home.

The ground around the home cracked and became unstable in recent months. Then a few days ago, part of the land gave way beneath the 4,000-square-foot home, leaving pieces of the house dangling off the side of a cliff. Authorities condemned the home and the owners, Robert and Denise Webb, consented to Friday's burn.

Authorities said destroying the house was better than waiting for it to topple into Lake Whitney. The cost of removing mounds of debris from the lake could prove prohibitive.

Spectators in dozens of boats witnessed the demolition from a safe distance. Live television coverage shared the view of the spiraling black smoke coming from the gated resort community.

The Webbs purchased the home in 2012, but a few weeks ago were forced to remove their personal items and relocate. They expressed shock and sadness at losing their lake house.

The Webbs, who also have a home along Florida's Miami Beach, told WTSP-TV on Thursday that the deterioration of their property has been hard to watch.

"You know, that's my life there that we're watching fall off," Robert Webb said the day before the demolition.

Geologists and inspectors had told them before they purchased the land that the property was perfectly stable, "and so we bought it in good faith," Webb said.

The house, built in 2007, was to have been left to his grandchildren, he said.

"It's really tough, that house was special and I don't even know why it was so special but it was special to me," Denise Webb said.

 

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?