06Oct
No surprises here, the Fort Worth Cats baseball franchise is hurting for cash, and up for sale. Towards the end of their season I had heard that they were becoming insolvent and firing most of their non-essential employees. Now it seems that they have very few left.
Here’s the interesting part. The franchise is (according to its owner) worth about $40 million. That figure includes not only the team, but also LaGrave Stadium and about 60 acres of land around it. Forget about the team. I doubt anyone will be able to put them in the black anytime soon. 60 acres is a pretty considerable holding in the area that should become the Trinity River Vision Project.
Would be a great buy and hold.
01Oct
A mother and daughter have filed a suit against their neighbor and their property management association. The crime? The neighbors cigarette smoke.
The women claim that the smoke permeated the walls and HVAC of their high end Estancia town home in Dallas. They are seeking six figures in damages from the two co-defendants.
The property manager said that they have done more for this tenant than they have ever done for anyone else, and she doesn’t think it is possible to satisfy them. Among other things the management changed air filters, installed electric plates with sealant, and re-caulked around plumbing pipes. The women complained, but continued to renew their lease. Now they have filed for disability under the fair housing act due to the harm they have suffered from the cigarette smoke. They also claim that they cannot enter their residence without wearing goggles and gas masks.
This is completely insane. I hope they lose their case, and I hope they have to repay the defendants legal fees.
28Sep
Last week I saw a Honda driving down the road with a decal on the side identifying it as a Natural Gas Vehicle. I thought that was pretty cool, and wouldn’t mind looking into myself, but I would have no idea where to fill up such a car. I was to quickly learn that a new group called the Metroplex Natural Gas Vehicle Consortium had been spearheaded by the TCU Energy Institute. The goal of the group is to promote not only the vehicles, but also the infrastructure and refueling stations to support them.
I think that this is a perfect idea. It would be great local publicity if the private sector were to take the reigns in making Fort Worth an example of putting natural gas to use. Our local busses already do, and we certainly have the resources to make this happen. It would be cheaper than gasoline, and perfect for driving around the metroplex. It is also a much cleaner fuel, with could really help an area of the country that is known violating the TCEQ Air Quality Standards. Seems like an all around winner to me.
26Sep
Here is a great article talking about the history and importance of the Fountain Place building in Dallas. The building was recently the target of an FBI sting operation which ended in the arrest of a would be bomber. The bomber, a 20 year old Jordanian man, was recruited by FBI agents via a militant Islamist website and provided with false explosives for carrying out his mission.
It is a beautiful building.
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