Woodhaven golf course and property purchased; Bull goes bananas

General Motors is saying adios to the Chevrolet Malibu in November. After having sold 10 million, the automaker is re-tooling the Kansas City, Kansas plant as part of its bet on EVs. Last year, GM announced it would shut down production of the Camaro in 2024.

Crescendo Development, led by Will Northern, has acquired approximately 160 acres of land, including the golf course, in the Woodhaven neighborhood on Fort Worth’s east side. Northern has a history of community service, adaptive redevelopment and historic preservation. Crescendo says it will meet with local residents, business owners, and other stakeholders to receive community input before developing final plans.

Private equity real estate fund manager Velocis and KBC Advisors have finished two speculative industrial buildings in Mercantile Business Park in Fort Worth. According to The Dallas Morning News, it totals 851,033 square feet of Class A space and sits near Interstate 35W and Interstate 820 with direct pedestrian access to the TEXRail commuter train line.

Mess with a bull and you get ... a visit? A Mansfield woman who lives next door to some young bulls learned why not to feed some farm animals. Latoya Keeling occasionally offered bananas to the bulls through a barbed-wire fence, but what happened Wednesday night was totally unexpected. One of the bulls broke through the fence and headed to Keeling’s house in search of ... a banana treat. Keeling caught him looking through her window. Mansfield police returned the bull safely to its pasture. (video)

Texas electricity prices soared almost 100-fold Wednesday as a high number of power plant outages raised concerns of a potential shortfall. Spot prices jumped to more than $3,000 a megawatt-hour just before 7 p.m., versus about $32 at the same time Tuesday, according to data from ERCOT. Unusually hot weather boosted demand for cooling and lowered the efficiency of many power plants. Wind output also fell from a day earlier and there were more outages. (BBG gift article)

VO Vets Animal Hospital has opened a second location at 2240 TX-114 in Trophy Club. The first is at 12650 N. Beach Street. Russell Miller is founding partner and medical director of both American Animal Hospital Association-accredited hospitals.

Legacy Medical Consultants, which supplies allografts for wound care clinicians, is doubling its space to accommodate rapid growth since its founding in 2020. The new headquarters is 15,000 square feet in Alliance Town Center. 

Alset EHome International Inc., a diversified holding company principally engaged through its subsidiaries, says American Medical REIT Inc. has acquired three LifeCare Hospitals, including the Fort Worth and Plano locations.

Below is a sampling of topics from this week’s Motley Fool column. To read all the Fool's gold, click here.

• A reader asks whether commodity investing is risky.

• This week’s stock pick is telecom giant Verizon Communications. For 17 straight years it has had dividend growth, but if you're looking for a fast-growing stock, look elsewhere. 

• The dangers of borrowing from your 401(k) account.

Restaurant report:

• Hungry Howie’s, a flavored crust pizza franchise, will open its first store in D-FW Monday at 1320 North Main St. in Keller. The carry-out and delivery pizza chain has 535 locations nationwide.

• Tacodeli, an Austin taco shop and margarita bar, will open its first Fort Worth location this fall. A cult favorite known for its 30+ scratch-made tacos, Tacodeli will be located at 4500 Hartwood Drive off South Hulen Street.

• The Star-Telegram’s Bud Kennedy reports the original Chop House Burger, which put Arlington on the national foodie map with TV host Guy Fieri’s “Diners, Drive-Ins and Dives,” will reopen, this time in north Arlington. Kenny Mills’ new restaurant, Chef Kenny’s Chop House Burger, will open mid-May at 821 NE Green Oaks Blvd.

Correction: A segment in Wednesday’s newsletter referenced a Los Angeles Times report about TCU basketball coach Jamie Dixon. The report was outdated and should not have been published. 

Ozzie Rabbit Lodge, a dive bar in east Fort Worth named after Lee Harvey Oswald, closed Sunday after 17 years. Oswald’s nickname was "Ozzie Rabbit" when he was a Marine.

Out: Boy Scouts of America. In: Scouting America. Starting Feb. 2025, the new name becomes effective in an effort to appear more inclusive. Girls could join Boy Scouts starting in 2019. "This will be a simple, but very important evolution as we seek to ensure that everyone feels welcome in Scouting," President and CEO Roger Krone said.

A proposal to expand Gateway Park, Fort Worth’s largest park, will go before City Council June 11. The city’s 2022 bond program provided $8 million and Tarrant Regional Water District’s bond program will provide $6.6 million.

Housekeeping note: The new issue of our print publication is in mailboxes and at advertiser locations. To read the digital version go here.

Snippets:

• Fort Worth-based Elbit Systems of America updates its manufacturing plans for the future. 

• Former General Motors executive Bob Lutz comments on “colossal mistake” of America’s EV push.

• Why it pays to start companies in a recession. A recent study of nearly 7,000 tech startups indicated those that began operations during a recession lasted longer and tended to be more innovative.

Announcements:

• Amphibian Stage: Announces founding artistic director Kathleen Culebro will step down in December and will be replaced by co-artistic Director Jay Duffer.

• CME Consulting: Adds Kayla Eckler as Creative Director and Partner, and contractors Susan Watt, Sr. Business and Development Advisor; Scott Morikawa, Lead Business Analyst; and Chris Smith, Senior Advisor.

• Fort Worth: Promotes Dr. Cody M. Whittenburg from interim director to Director of the Environmental Services Department.

• Texas Health Harris Methodist Hospital Fort Worth: Awarded The Joint Commission’s Gold Seal of Approval for Brain Tumor Certification.

• Texas Regional Bank: Hires Cristie Escochea as SVP-Regional Community Engagement Director.

• Reliant at Home: Hires Alyssa Buck as Director of Hospice Sales.

• Major League Football: Names Rick Sanford VP of Operations.

• Petmate: Names Paul Tonnesen CEO.

Last poll results: If you received a $2 bill would you: Keep it (65%), Spend it (35%).