Development coming to Cherry Lane; TAD tax cut approved; FW Chamber hires VP/marketing.

Tarrant County Commissioners continued their tax cuts, voting 3-2 to lower the JPS Health Network tax rate to $0.1875 per $100 of a home’s taxable value; the hospital district’s 2024 fiscal year rate was $0.1945. Commissioners Roy Charles Brooks and Alisa Simmons voted against the proposal, stating it is not fiscally responsible to cut the hospital district’s tax rate. In a related matter, Fort Worth ISD, in a 7-2 vote, issued resolutions opposing the Tarrant Appraisal District 2025-26 re-appraisal plan, and the Tarrant Appraisal District 2025 budget, both with property tax cuts that affect their funding. 

If your closely-held business utilizes life insurance policies to provide funding for buy/sell transactions, a recent decision by the Supreme Court may cause you to reconsider your options. JTaylor explains the situation.

Glen Hahn, President of Innovative Developers, has sold 34 acres off Cherry Lane in Fort Worth to a private individual from Frisco who plans to immediately start development on 22 acres. Russ Webb of Silver Oak Commercial Realty represented the buyer.

Self-serve beer bar Hoppin’ will open this Saturday at 2608 Weisenberger Street, Fort Worth. It’s the first Texas location for the North Carolina-based self-pour taproom, with another planned for Grapevine in October. Hoppin’ will use a technology that is linked to a wristband, which is connected to a debit or credit card.

TCU President Daniel Pullin tells Deborah Ferguson at NBC-5 that TCU has a $2 billion economic impact.

A $55-million, multi-sport youth facility is planned near Highway 114 and Chadwick Parkway in Northlake, a partnership between the town and the Dallas Stars. Located just north of the Tarrant and Denton county line, the 225,000-square-foot venue will house two NHL-sized ice rinks, and eight basketball courts that can convert into 16 volleyball courts.

The U.S. State Department approved the possible sale of Apache attack helicopters and related equipment to South Korea for an estimated $3.5 billion. The principal contractors in the deal are Boeing and Lockheed Martin.

The FAA granted American Airlines permission to install up to 70 mini-suites on its Boeing 777-300ERs as the airline aims to refresh its aircraft with more premium seats.

A Southlake woman was sentenced to prison for two cases in which she stole $1.2 million from her former employer and used the money to pay for trips, TikTok coins, and a suite for the Dallas Mavericks. NBC-5 has the story.

During the 2022-2023 school year, 20% of Texas students were chronically absent, meaning they missed at least 10% of class days. After the pandemic, school districts across the U.S. saw record rates of chronic absenteeism, according to data from the Associated Press and a Stanford University economist. 

In 237 U.S. cities, the typical starter home — defined as inventory in the lowest third of home values — now costs $1 million or more, according to a recent analysis by Zillow Group Inc. Five years ago, only 84 cities fit that criterion.

After 28 years, Judy McDonald, executive director of Workforce Solutions for Tarrant County, will retire in January. She has been in the state and national public workforce development arenas. Workforce Solutions for Tarrant County is one of 28 local workforce development boards under the Texas Workforce Commission. 

Coming off his Hall of Fame induction, former Texas Rangers third baseman Adrian Beltre will be memorialized with a statue outside of Globe Life Field.

TKO'd earlier by a health scare, Mike Tyson said he’s ready to fight Jake Paul on Nov. 15 at AT&T Stadium. 

UCLA researchers have created a drug that can restore both cognition and lost memories in mice affected with Alzheimer’s disease.

Believe it or not: Google DeepMind recently unveiled the first AI-powered robotic table tennis player capable of competing at an amateur human level; the robot achieved a 100% win rate against beginners and 55% versus amateurs in testing, though it struggled with advanced opponents.

Daily digit: On average, U.S. Olympic athletes live about five years longer than the general population, according to a study that examined 8,000+ athletes who made the Olympics from 1912-2012.

Significant stat: A bar of gold is worth $1M for the first time, with gold topping $2,500 per troy ounce and gold bars in the London market typically weighing about 400 oz t. Gold futures have been on the rise, driven by a weakening dollar and growing speculation about potential Federal Reserve rate cuts. 

Snippets:

• Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay.

• Has Warren Buffett, the largest contributor thus far, removed the Gates Foundation from his will?

• Circle K offers to buy 7-Eleven.

Announcements: 

• Fort Worth Chamber: Hires Angela Hall as Vice President of Marketing, Events & Communications.

• USAA: CEO Wayne Peacocock announces 2025 retirement.

• Fort Worth Country Day: Names Lindy Heath Director of Fine Arts.

• Citadel Partners (Fort Worth): Adds market leader Cullen Donohue, advisor Anna Lee Moore, associate advisor Wiley Green, and sales and marketing coordinator Gisselle Galvan.

• Rational 360: Adds Brenna Jeffries as Senior Director.

• Kelly Hart: Adds litigator Scott Zimmerman as Partner. 

• Next American Sports Pro: Adds Scott Millman as Advisory Board Member. 

• Carta: Adds Madison McPherson as Talent Acquisition Partner.