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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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New York top court OKs local gas-drilling bans

MICHAEL HILL, Associated Press


ALBANY, N.Y. (AP) — New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.

The state Court of Appeals affirmed a midlevel appeals court ruling from last year that said the state oil and gas law doesn't trump the authority of local governments to control land use through zoning.

The two "fracking" cases from two central New York towns have been closely watched by drillers hoping to tap into the state's piece of the Marcellus Shale formation and by environmentalists who fear water and air pollution.

Both sides are still waiting to see whether a statewide moratorium on fracking in effect since July 2008 will be lifted.

The court in a 5-2 decision stressed that it did not consider the merits of fracking, but only the "home rule" authority of municipalities to regulate their land use. The court said the towns of Dryden and Middlefield both acted properly.

"The towns both studied the issue and acted within their home rule powers in determining that gas drilling would permanently alter and adversely affect the deliberately-cultivated, small-town character of their communities," according to the majority ruling by Judge Victoria Graffeo.

Fracking frees gas from deep rock deposits by injecting wells with chemical-laced water at high pressure. It has helped boost U.S. oil and gas production to the highest level in more than a quarter-century, but has mobilized environmentalists alarmed at its rise.

Drilling opponents say more than 170 towns have passed bans or moratoriums. Another 40 towns have passed resolutions supporting gas development.

The state has its own 6-year-old moratorium on fracking for gas. Gov. Andrew Cuomo has said he won't decide whether to lift the ban until a health impact review launched in 2012 is completed. There's no timetable for the review.

The group New Yorkers Against Fracking renewed its call on Cuomo to enact a permanent statewide ban in light of the high court decision, saying "water and air contamination don't stop at local boundaries."

The Dryden ban was challenged by a trustee for Norse Energy, an Oslo, Norway-based company that went bankrupt after amassing thousands of leases on New York land it was never able to develop. The Middlefield ban was challenged by Cooperstown Holstein, a dairy farm that had leased land for drilling.

In his dissent, Judge Eugene Pigott Jr. argued that the local ordinances, which touch on areas like storage and productions materials, are so broadly written they create "a blanket ban" on the industry.

"The zoning ordinances of Dryden and Middlefield do more than just regulate land use, they regulate oil, gas and solution mining industries under the zoning," he wrote.
 

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