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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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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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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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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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How 'bout them Cowboys? Even at 8-8 they're worth $3 billion

AT&T Stadium, home of the Dallas Cowboys. 

NEW YORK (AP) — The Dallas Cowboys are the first U.S. sports franchise to top $3 billion in value.

For the eighth straight year, the Cowboys are worth the most of all 32 NFL franchises, according to Forbes. They're valued at $3.2 billion; only Real Madrid at $3.4 billion is worth more among global franchises.

Dallas posted the NFL's highest revenue, $560 million, and operating income, $246 million. That was far ahead of second-place New England, worth $2.6 billion and with $428 million in revenues, $147 million in operating income.

But the Patriots had the biggest increase since last year, up 44 percent in value. Dallas was up 39 percent.

The average NFL franchise value for 2014 is $1.43 billion, the highest in the 17 years the business magazine has tracked professional football. That shows a 23 percent increase, the largest in one year since 1999.

Forbes determines team values using equity plus net debt figures, and accounts for each team's current stadium situation, with adjustments for pending new stadiums and renovations to existing ones.

Washington ($2.4 billion) is third in value, increasing 41 percent since the last rankings, and the New York Giants ($2.1 billion) are fourth.

For the 2013 season, the average NFL team generated record revenue of $299 million and operating income of $53 million. Each franchise received a record $170 million of national revenue, mainly from league broadcasting and licensing fees.

At the bottom are Buffalo, worth $935 million and currently for sale after owner Ralph Wilson's death, and St. Louis at $930 million. But every team increased in worth, the lowest rise being Arizona at 4 percent.

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AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFL

www.forbes.com

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