Specialties: Panther Island Pavilion is the perfect spot for you to enjoy top-tier entertainment unlike any other in Fort Worth! It seems many people. It is not held to the same standards as a news story reported and written by a professional reporter, but it should be factual. .connected button { I dont want to say it, but it was at a standstill or almost at a standstill, and so there were some tensions.. In 2016, Congress passed legislation authorizing up to $526 million for Panther Island, but the funds were never officially allocated through a separate spending bill. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); LanCarte Commercial Real Estate is proud to announce the sale of approximately 26 acres of privately-owned land on Panther Island. You can only publish select stories individually not as a collection. With the announcement Wednesday of more than $400 million in federal funding approved for Panther Island, Fort Worth's long-awaited redevelopment project along the Trinity River is taking a. In October 2003, the City of Fort Worth adopted the Trinity River Vision Master Plan and incorporated it into the City's Comprehensive . Unlike other cities with hundreds of landowners, Fort Worth has an opportunity to carry out a shared vision, he said. However, project leaders acknowledge that years of negative headlines have taken their toll on the publics perception of Panther Island. It is foundational to the rest.. The Corps of Engineers received an additional $20 million in March to continue design and construction. Traffic and cost overruns affiliated with the three Panther Island bridges alienated Mayor Price, who led the city between 2011 and 2021. The City of Fort Worth, Tarrant County, Tarrant Regional Water District, Tarrant County College, Real Estate Council of Greater Fort Worth, Downtown Fort Worth Inc., and Streams & Valleys are collaborating to explore both near- and long-term development opportunities for Panther Island. Get award-winning Fort Worth area news in your inbox free. padding: 15px; MAILING ADDRESS: 2003 8th Ave., #300, Fort Worth, TX 76110PHONE: 817.405.9318EMAIL: hello@fortworthreport.orgOur MissionWe pledge to produce high-quality objective local journalism that informs public decision-making, addresses the quality of life of our communitys citizens, holds our policymakers accountable and tells our readers stories by listening to them and making sure they are valued and understood. Show options. Family Fun If I had to do it all over again, I would, because our city is growing rapidly and we need flood control.. Tarrant water district plans to spend more on Panther Island project. Always free to read. Industrial development in north Fort Worth . There is no projected cost for completing the strategic plan, said Andrea Duffie, a spokesperson for Fort Worth's economic development department. An account was already registered with this email. Did the city of Fort Worth violate atheists First Amendment rights? In the same council session, council members immediately agreed to pour that money back into the bridges construction budgets. Thats where J.D. Panther Island's total cost is estimated at $1.16 billion, with the water district, the city of Fort Worth, the Texas Department of Transportation and a tax increment financing zone expected to cover the rest of the bills. Freese and Nichols is not the biggest firm on the project, Newby said; two other engineering firms received the bulk of contracted funds for the pipeline. The asset spans nine parcels over 26 acres of land, making it the largest private assemblage on Panther Island. Panther Island Boat Tours (Fort Worth) - Tripadvisor Price and Granger have sparred over failure to bring federal money to support the project. Panther Island Pavilion | Fort Worth, TX 76102 an area known as Upstream at Panther Island, focus on office, retail, apartment and industrial development, Is LaGrave Field for sale? Sarah LanCarte Daniel Shelley, and Darren Cain of LanCarte Commercial represented the seller, Panther Acquisition Partners, Ltd., a private Texas-based real estate investment firm. VIEW PHOTOS IN OUR That was a major role that the TRVA took up, and for those types of entities and the disparity of what they do, it was critically important.. Im really grateful that I made the ask. The federal government is responsible for funding 65% of the Central City project and overseeing construction of the bypass channel and surrounding infrastructure. An Austin-based commercial real estate development firm has acquired the largest single holding of privately-owned land on Panther Island. Sign in with a password below, or sign in using your email. Get articles like this in your inbox. With the passage of the 2021 bipartisan infrastructure law, the project received renewed interest in Washington. Morris, the transportation director, said he looks forward to enjoying the rewards resulting from years of hard work on making Panther Island a reality. #email { Rachel Behrndt is a government accountability reporter for the Fort Worth Report. The parcels owned by this group total $3.7 million in county-appraised value and amount to nearly 8 acres. } The consultant will evaluate development opportunities by reviewing current market conditions, the existing form-based code and the projects associated plans and regulations. Our stories may appear on pages with ads, but not ads specifically sold against our stories. Sign in with a password below, or sign in using your email. The transaction allows us to partially exit the investment while maintaining a significant ownership stake alongside our partners, Brock stated. Panther Island Ice will not return for the 2022-2023 season. Those changes are within the reasonable realm of what we see as an industry.. Not a member? The venue caters to a wide variety of public events such as concerts, festivals, runs, bike rides and more! This transaction allows us to partially exit the investment while maintaining a significant ownership stake alongside our partners. It doesnt matter what we do on Panther Island, or any other development, if we dont fix the flood control, said Dan Buhman, general manager of the Tarrant Regional Water District. LanCarte Commercial Real Estate said on Monday that it had brokered the sale of 26 acres of privately-owned land on Panther Island. The amount of the transaction was not announced due to a non-disclosure agreement, according to a spokesperson for LanCarte Commercial. This transaction allows us to partially exit the investment while maintaining a significant ownership stake alongside our partners, Brock said in a release. Weve been honored to serve multiple roles on the integrated pipeline project as one of dozens of companies involved in this complex project, which has involved multiple phases spanning several decades, Freese and Nichols communication coordinator Linda Campbell said. For commercial licensing, please email hello@fortworthreport.org. As a Fort Worth-based company, they are uniquely invested in the success and growth of this area and look forward to the revitalization of Panther Island. }. Photo: A consultant will bring the Trinity River Vision into alignment with the Citys Economic Development Strategic Plan as part of an updated strategic vision for Panther Island. With its dual promises of flood protection and economic development, the $1.16 billion Central City / Panther Island project has been trailed by controversies over ballooning costs, frustrating bridge construction and years-long delays to obtaining federal funding. Locally raised funds will go toward new roads, sewage and storm water lines, among other work necessary to complete the island. text-decoration: underline; My North Star on this project is, its transformative for our city, Parker said. PDF P A N T H E R I S Panther Island Form Based Zoning - City of Fort Worth You can reach them at haley.samsel@fortworthreport.org. Meanwhile the Grangers struggled to secure federal funds for the construction of the bypass channel. My concern as mayor was not the personalities and not the politics, but rather, how do we get the money?. Regional leaders have long argued that the channel is necessary to protect Fort Worth from a major flooding event. font-size: 1.25em; Granger and Veaseys offices did not return emails requesting interviews, nor did Fort Worth Mayor Mattie Parker or water district board president Leah King. Get a code sent to your email to sign in, or sign in using a password. Encore Panther Island is the first multi-family development in Panther Island, a Trinity River Vision master-planned, revitalized project aimed at creating an urban waterfront community north of downtown Fort Worth. It was traumatic, Price, who was born later that year, said. In 2019, an outside review of the Trinity River Vision Authoritys management of Central City determined that the project had become too associated with recreation and real estate development rather than its stated purpose: flood control. The bridges are one of the best examples of cozy relationships between government officials and Freese and Nichols employees that may have led to a less competitive environment for contract bids for the Panther Island work, said Lon Burnam, a former state representative and a leader of the Water District Accountability Project. height: 2.5em; Please check your inbox for an authentication link. height: 2.25em; It will create a "live, work, play" model that will encourage sustainable city growth. Thank you for registering! How can Fort Worth learn from the River Walk as it builds Panther The at-times symbiotic relationship between local government entities and Freese and Nichols extends into personnel matters. You cant edit our stories, except to reflect relative changes in time, location and editorial style. There was a catch, Granger said. But I want everybody to know why it was made and how it was made, Buhman said. Fort Worth's Fourth - Largest Fireworks Show in DFW - Fort Worth's Fourth .st0{fill:#ED1B2F;} In all that we do, earning the trust and respect of our audience is paramount. The sale represents the largest single capital investment for land from the private sector and coincides with the ongoing collaborative planning efforts between public and . Like every decision every government makes, not everybody agrees with the decision. Noncommercial entities may republish our articles for free by following our guidelines. Morris credited the bipartisan team for getting federal funding for the project to the finish line. We got the funding. You can only publish select stories individually not as a collection. Overwhelmingly, he heard residents say they lacked access to the river. When the project hit its lowest point in 2018, he was poised to take the blame, he said. As a nonprofit, we rely on our members to fund our coverage Fort Worth and Tarrant County government. I thought: We could do something so much better with our river, Granger said in his first sit-down interview about Panther Island since 2019. Officials say political contributions, familial ties to firm do not influence decisions on big contracts, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to email a link to a friend (Opens in new window), Construction of a bridge on North Main Street that is part of the Trinity River Vision Project, March 31, 2021. Get trusted news from Fort Worths only independent, nonprofit newsroom - free. Required environmental cleanups on the 800-acre site are nearly done, but the water district needs to make an additional 18 land acquisitions to build the channel, the Fort Worth Report previously reported. What started out as a passion for craft beer and a fascination for home brewing grew into a full-scale brewery. We are incredibly pleased to have reached this agreement with Seco, said Mark Brock, Managing Partner at Lionhead Real Estate. The land spanned across 10 parcels and had been on the market for about two years. An account was already registered with this email. There was lots of community consternation that that was Kays pet project, Price said. They should have those kinds of written policies in place to alleviate those kinds of concerns, Gunalan said. Existing businesses along Main Street on Panther Island in Fort Worth. Granger, who once dreamed of running for district attorney, soon found himself at the center of a generation-defining flood control project one that continues to loom large in the minds of Fort Worthians two decades after its public introduction in 2003. Read more about our editorial independence policyhere. The engineering firm Freese and Nichols recently paid the city of Fort Worth $1.5 million for claims related to three Panther Island bridges that are no stranger to news coverage. Please, check your inbox! Over time, the Central City project grew in scale and scope, adding east Fort Worths Gateway Park into the mix to include more flood storage along the Trinity. Granger attributes that to a negative relationship with Mick Mulvaney, then-director of the White House Office of Management and Budget. Tarrant Regional Water District will contribute an additional $3.5 million to the North Central Texas Council of Governments over 10 years to pay Freese and Nichols for cost overruns related to the project. After more than a decade, Panther Island remains at center of Fort Worth politics, Development on Panther Island continues, with or without flood control, Panther Island drawn out of Grangers congressional district, Creative Commons Attribution-NoDerivatives 4.0 International License, Proudly powered by Newspack by Automattic. Enter the code you received via email to sign in, or sign in using a password. The city is now searching for upfront funds to cover immediate relocations of water and sewer utilities in the Northside, which must be completed by fall 2024 to ensure the Corps of Engineers can stay on schedule. Please use Author Name, Fort Worth Report in the byline. While the $403 million will come through in the next few months, all federal funds must be matched with non-federal funds for the corps to proceed. Not infrequently, he would look out from a courthouse window onto a picture-perfect view of the Trinity River in downtown Fort Worth. The infusion of federal funds kickstarted a flurry of activity among both private and public entities invested in the success of the project, said assistant city manager Dana Burghdoff. Armed with lower blood pressure and the benefit of hindsight, Granger said he ultimately accomplished his goals of changing Fort Worths relationship to the Trinity. Apartment floorplans 1B $1,410 - $1,443 1 bd | 1 ba | 634 sqft 3 units - Available now 1F $1,460 - $1,485 1 bd | 1 ba | 844 sqft 3 units - Available Jan 1 2024 1F ANSI $1,460 All four will appear at a Thursday morning press conference at the water districts administrative building, with Veasey tuning in virtually. More by Press Release. Fort Worth's Fourth Fireworks Fort Worth leaders have hired consultant HR&A Advisors to update the original 2003 development plan for Panther Island and build a vision for landowners to get behind. From now on, the city will be wholly responsible for planning and promoting development on the island while the water district will focus on helping the U.S. Army Corps of Engineers with flood control elements. As a nonprofit, we rely on our members to fund our coverage Fort Worth and Tarrant County government. A 26-acre tract of privately owned land on Fort Worth's Panther Island has sold to an Austin-based development firm. You have to credit Fort Worth Report. As a nonprofit, we rely on our members to fund our coverage Fort Worth and Tarrant County government. Tarrant Regional Water District is proud to once again bring you the Texas-sized fireworks show and festival, Fort Worth's Fourth! Any web site our stories appear on must include a contact for your organization. Seco Ventures has been involved with a variety of commercial real estate projects, including office, multi-family and mixed-use developments. With an expected completion date of 2032, the bypass channel will create the appearance of a natural island on 800 acres of former industrial land between downtown and the predominantly-Hispanic Northside neighborhood. The timing of this legacy transaction continues the momentum building on the island over the last eighteen months, said Sarah LanCarte. While the city doesnt plan to exclude Freese and Nichols from future contracts, the bridge saga has muddied the waters on the benefits of the relationship, according to District 9 council member Elizabeth Beck. Seco Ventures purchased approximately 26 acres from private investment firm Panther Acquisition Partners Ltd., according to an announcement from Sarah LanCarte of LanCarte Commercial, who represented the seller, along with Daniel Shelley and Darren Cain.