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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Fort Worth moves to buy 900 Monroe building downtown for $3 million

By Scott Nishimura
snishimura@bizpress.net

The city of Fort Worth is considering buying an office building at 900 Monroe downtown that it already leases a substantial piece of.

The City Council Tuesday night is scheduled to authorize $3 million to buy the building and site, and up to $470,000 for repairs.

“The elevator doesn’t go to the top floor currently, so it’s not used,” Jay Chapa, the city’s housing and economic development director, told Council members during their pre-council meeting Tuesday.

Acquiring the building would allow the city virtually full control of the block, Chapa noted.

The building has non-city tenants, almost all of which are on month-to-month leases, Chapa said.

“Staff intends to work with the current lessors to get them on city leases, but, ultimately, the goal is to have the building be 100 city occupied,” Chapa said.

The money would come from capital projects funds. The building was built in 1943.

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