Join The Discussion

 

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

read more >

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.

read more >

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.

read more >

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.

read more >

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.

read more >

Donations for Oklahoma top $20 million

A garden statue of the Virgin Mary stands in front of a house window shattered by the tornado in Moore. The house is missing shingles and trim but is largely intact. A neighbor's house just two doors away was reduced to rubble, one of dozens of houses destroyed in the neighborhood

Credit: William Walker/CNN 

 

NEW YORK (CNNMoney) -- Millions of dollars are being raised in the wake of the deadly Oklahoma tornado.

The Red Cross has received more than $15 million in donations and pledges so far for the town of Moore, which was struck by a tornado Monday that killed 24, injured more than 300 and destroyed thousands of homes.

With the money raised, the organization has opened 10 emergency aid stations, provided shelters for victims, served more than 16,000 meals and snacks and given out more than 3,000 relief items like shovels, toiletries and trash bags.

The Salvation Army has raised another $4.3 million, and donations made to individual victims or nonprofits via crowdfunding websites now exceed $1 million. Other aid organizations, including AmeriCares and Feeding America are also collecting donations for victims.

Big businesses are making some of the largest donations. Companies including Lowe's, Walmart, Continental Resources and ConocoPhillips have each given or pledged $1 million or more to the Red Cross and other organizations.

Overall, businesses have donated $24 million, according to the Chamber of Commerce Foundation's Business Civic Leadership Center.

And some companies are donating more than cash. In addition to contributing $1 million, Chesapeake Energy, for example, is using some of its oil-drilling equipment to assist with the clean-up efforts, and it provided generator-powered flood lights and truckloads of leather gloves, hard hats and safety glasses for rescue and recovery efforts.

As the generous donations continue to pour in, Oklahoma needs all the help it can get. The series of tornadoes that swept across the Midwest between May 18 and May 20 -- the most powerful of which touched down in Oklahoma -- caused between $2 billion and $5 billion in structural damage, according to an estimate from catastrophe risk modeler Eqecat. And that doesn't even include the medical costs that many families are facing as a result of the storm.

So far, monetary donations trail the amounts raised after Superstorm Sandy, which devastated much of the nation's east coast. Only a couple days after Sandy hit, the Red Cross had already raised nearly $35 million. To date, the Red Cross has brought in $302 million for Sandy relief.

 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?