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Friday, January 17, 2020

FAA awards $5.5M to Alliance Airport to support Amazon Air facility

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The Federal Aviation Administration has awarded an Airport Improvement Program grant to Fort Worth Alliance Airport. The $5.5 million award will support a taxiway extension project needed after Amazon announced that it will open a...

Federal funds for Panther Island more likely following Price, Williams White House meeting

Federal funds for the $1.17 billion Panther Island project may have inched closer to reality following a high-powered meeting at the White House last week. Mayor Betsy Price and U.S. Rep Roger Williams, whose District...

Alcon names new CFO as it prepares for spinoff from Novartis

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As Fort Worth-based Alcon prepares for its April 9 spinoff from parent company Novartis, it announced today that Timothy C. Stonesifer will join the company as its new senior vice president and CFO. He will...

Private equity firm acquires Del Frisco’s in deal valued at $650M

A Connecticut-based private equity firm has bought Del Frisco's Restaurant Group, Inc. After agreeing on an all-cash deal worth $650 million, Del Frisco announced Monday that it will be acquired by L Catterton, whose primary...

Mouser adding to distribution center, office in Mansfield as sales growth continues

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Mansfield-based Mouser Electronics Inc. is expanding its global headquarters and distribution center, adding more than 125,000-square feet to the distribution center as well as a new 50,000 square-foot office building on Mouser’s campus. Upon completion...

Council Report: MedStar update with new facility, new ambulances

During its work session Tuesday the Fort Worth City Council received a briefing about MedStar's success from its CEO Doug Hooten. "It's a system of EMS, not just an ambulance service," Hooten said. "We all...

Kimbell and Bank of America team as part of new exhibit

The exhibit Monet: The Late Years, opened on June 16 at the Kimbell Art Museum. Within it is a special work that, though not Monet's, will highlight one particular piece within the collection. Through a...

JPS Health Network opens new oncology and infusion center

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JPS Health Network's new oncology and infusion center, located at 1450 8th Ave., officially opened its door on Thursday, May 2. The 51,170 square-foot location, formerly occupied by Texas Oncology, was renovated to include almost...

Blue Goose Cantina to open in University Park Village

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Blue Goose Cantina is finally making it into Fort Worth proper, with plans to take over the space recently vacated by Bread Winners in University Park Village. Bread Winners Café & Bakery opened in 2017...

Commentary: New guidance for investment in qualified opportunity zones

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Generally, an investor has 180 days from the date of a transaction resulting in capital gain to reinvest the gain in a Qualified Opportunity Fund. Since the first guidance regarding investment in Qualified Opportunity Zones...