| US Admitting More Iraqi Refugees
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East Side developments gathering momentum
Even while the West Seventh Street overhaul continues, area developers already are working to capitalize on what they see as Fort Worths next big real estate ploy: the citys long-languishing East and Southeast sides. Dallas-based Cypress Equities, Fort Worth-based TownSite Co. and KT Land the latter spearheaded by developer Tom Struhs and former Mayor Ken Barr are working on commercial and residential developments that should usher in new housing, rehabilitated buildings and new commercial property. The East and Southeast sides, which include the Evans-Rosedale and Sierra Vista neighborhoods as focal points, have long lay dormant with respect to development. Community representatives and police argue much of the areas past crime has dissipated, and developers are moving in to cash in on inexpensive land, tax incentives and an area of town hungry for investment.
Va. Supreme Court Overturns N. Va. Transportation Authority
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Sagging housing market costs 17 Collier jobs
Joe Schmitt, administrator for the Community Development and Environmental Services Division, said he personally told the employees Thursday that their jobs in the division are being eliminated. The cuts are because of revenue shortages, not for performance issues, Schmitt said. Lee County also recently cut 29 employees from its community development department in the face of falling revenues. Along with those being laid off in Collier County, between nine and 13 employees are expected to accept early retirement. Incentives such as three years of medical coverage are being offered as a buy-out, Schmitt said. Employees have until the end of March to decide. The cuts are in response to an “economic slowdown that has impacted work volume and revenue," according to an announcement from county officials.
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