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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Higher NTTA toll rates take effect July 1

Generic traffic  photo courtesy of CNN

A. Lee Graham
Reporter

Motorists using North Texas Tollway Authority roads can expect higher toll rates beginning July 1 when the agency implements a biennial toll rate schedule announced in 2009.
The regularly scheduled increase keeps pace with the rate of inflation associated with building and operating area toll roads, according to the Plano-based agency.
The rates will rise about .9 cents per mile, from 15.3 to 16.2 cents.
Tolls are used to maintain existing tollways and fund the agency’s safety and service programs. No tax dollars are used to operate and maintain area toll roads that relieve congestion, NTTA officials said.
“Drivers tell us that they choose to pay for an NTTA toll road because they are cleaner, faster and safer,” said Kenneth Barr, NTTA chairman and former Fort Worth mayor, commenting in a news release.
“We understand that area motorists have a choice when they travel in North Texas, and we work every day to meet their expectations,” Barr said.
Tolls are a pay-as-you go way to recover costs from motorists using toll roads. They provide a dedicated, ongoing way to pay for NTTA operations, maintenance and road improvements. The agency continues to deliver new roads to relieve congestion, including the future Chisholm Trail Parkway, the NTTA’s first project in Tarrant County.
The North Texas Tollway Authority, a political subdivision of the state of Texas, acquires, constructs, maintains and operates turnpike projects in the North Texas region. Customers can view the new rates and calculate costs on traveling on its roadways online at www.ntta.org.
 

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