- Associated Press - Monday, June 16, 2014

FORT WORTH, Texas (AP) - Fort Worth’s historic stockyards district could be at a crossroads.

The Fort Worth Star-Telegram reports (https://bit.ly/1i1Sb9k ) a California-based real estate investor and the stockyards’ largest landowners have formed a joint venture to build new hotels, restaurants and shops.

The $175-million expansion project has elicited a mixed response in the North Texas city built a century ago on cowboys and the cattle trade.

Some worry it will undermine the folksy charm of the historic hotels, saloons, parading longhorn cattle and indoor rodeo. The stockyards draw 3 million tourists annually. Others see the expansion as a great way to boost business in the stockyards. There has been little new development in a decade.

The Fort Worth City Council has approved $26 million in economic incentives for the project.

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Information from: Fort Worth Star-Telegram, https://www.star-telegram.com


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