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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Arlington approves Chesapeake gas royalty settlement
A. Lee Graham

Reporter

Chesapeake Exploration LLC will pay the city of Arlington “a substantial lump sum” to resolve its claims for prior royalty underpayments and improper cost deductions, according to a newly approved settlement agreement.

Agreeing to the arrangement was the Arlington City Council. By 8-0 vote at its Aug. 19 regular meeting, the council settled the ongoing dispute alleging that Chesapeake Exploration, a subsidiary of Oklahoma City-based Chesapeake Energy Corp.,  underpaid royalties for natural gas collected from beneath outdoor parks and other public property.

Included in the settlement is Total E&P USA Inc., the Houston-based arm of French energy firm Total S.A. that owns about 25 percent of Chesapeake’s Barnett Shale property.

“This settlement compensates the city for past underpayments, but also ensures that no post-production costs will be charged against the city’s royalties in the future,” reads a portion of the settlement. The document also said the agreement ensures certainty regarding how Chesapeake and Total E&P will calculate royalties in the future.

“The result protects the public interest by assuring that the original intent of the leases will be honored,” according to the settlement.

Representing the city in the lawsuit was Shayne Moses, David Palmer and Tim Howell of Moses Palmer & Howell LLP, a Fort Worth law firm.

lgraham@bizpress.net

 

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