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HomeMy WebLinkAbout2018-09-11 Euless Articles NORTHEAST TARRANT More steaks, burgers and beer: Another dining option coming to Glade Parks in Euless BY ELIZABETH CAMPBELL liz@star-telegram.com September 05, 2018 04:35 PM Updated September 05, 2018 04:53 PM EULESS Another restaurant featuring steaks, burgers and ribs will be under construction soon in the bustling Glade Parks development. The 54th Street Restaurant & Draft House, based in Kansas City, Mo., joins other popular dining spots such as the Lazy Dog and the Outback Steakhouse in the 194-acre mixed use development. The restaurant will be at the northeast corner of Rio Grande and Brazos Blvd. Another commercial building is planned for the site north of the 54th Street restaurant. It will space for a bank, restaurant and other commercial development, said Mike Collins, the city’s director of planning and development. STATE POLITICS This Republican has a different view on property taxes, and he’s from Tarrant County BY GORDON DICKSON gdickson@star-telegram.com September 05, 2018 07:26 PM Updated September 05, 2018 07:48 PM FORT WORTH Tarrant County Judge Glen Whitley always thinks locally. But with his vocal opposition to Gov. Greg Abbott’s proposal to take away the ability of local governments to raise property taxes, Whitley is emerging as an alternative voice for Texas Republicans. On Wednesday, during his annual State of the County address, Whitley called for the Fort Worth business community to embrace his fight. He asked members of the Fort Worth Chamber to call their elected representatives to say they want local elected officials — not state leaders — to determine tax rates. “For the last 10 years, there has been an effort to take local decision-making out of the hands of local officials, and I don’t think that’s right,” Whitley told attendees at the Worthington Renaissance Fort Worth hotel. “The Legislature has tried to take a broad brush and paint every city, county and independent school district with that broad brush, and we just don’t fit that way.” Abbott has said that, when the state Legislature convenes early next year, he will propose limiting local governments’ ability to raise property tax rates by more than 2.5 percent in a given year. Conservative groups such as Empower Texans are likely to pressure lawmakers to support that proposal. Now in his 12th year as county judge, Whitley, a Republican, is increasingly becoming an advocate of overhauling government funding of health care and education. He urged Tarrant County voters to approve an $800 million bond measure on the Nov. 6 ballot that would make it possible for the JPS Health Network, which is the brand name of the county’s hospital district, to expand its mental health, surgical and other services. The hospital district, which would match the bond revenue with $300 million to $400 million in cash reserves, would build some of the new facilities near its existing campus south of downtown, but also would build several new neighborhood clinics. Whitley said those satellite facilities are crucial to meeting the needs of the sprawling county, which now has more than 2 million residents. “We need to position those around the entire county to allow people to get care a little closer to their home,” he said. Whitley also called for state leaders to get serious about fixing the state’s education funding. As for property taxes, Whitley urged business owners to tell their elected leaders “the sky is not falling,” and that reducing local governments’ ability to provide services for residents is vital to continued economic growth. He said that if Texas relied less on property taxes, it could lead to a push for a state income tax, which he opposes. “Just remember, the alternative is a state income tax, and I don’t think anyone in this room would ever think about supporting a state income tax,” he said. U.S. Concrete Strengthens Aggregates Operations with Strategic Acquisition in Texas PRESS RELEASE PR Newswire Sep. 6, 2018, 06:00 AM EULESS, Texas, Sept. 6, 2018 /PRNewswire/ -- U.S. Concrete, Inc. (NASDAQ: USCR) ("U.S. Concrete" or the "Company"), a leading national supplier of ready-mixed concrete and aggregates, today announced that it has expanded its aggregates business in Texas with the acquisition of Leon River Aggregate Materials, LLC ("Leon River"), a sand and gravel producer based in Proctor, Texas. The acquisition adds over 400 acres of land with reserves to the Company's operations and a state-of-the-art processing plant to achieve the highest efficiencies. Furthermore, U.S. Concrete also announced that it has completed the divestiture of its Dallas/Fort Worth area lime operations to Lhoist North America, which includes two fixed plants, lime tankers and raw material tankers. "We are excited to strengthen our aggregates operations in West Texas and to use the processing facility to produce high- quality materials that will be used in many of the market's ongoing and planned construction projects," said William J. Sandbrook, Chairman, President and CEO of U.S. Concrete. "The lime divestiture gives us the ability to further our strategic focus of optimizing our portfolio of assets and allocating money directly to growing our aggregates business while concurrently improving our balance sheet by reducing debt." About U.S. Concrete, Inc. U.S. Concrete, Inc. (NASDAQ: USCR) is a leading supplier of concrete and aggregates for large-scale commercial, residential and infrastructure projects in high-growth markets across the country. The Company holds leading market positions in New York, Philadelphia, San Francisco, Dallas-Fort Worth and Washington, D.C, and its materials have been used in some of the most complex and highly specialized construction projects of the last decade. U.S. Concrete has continued to grow organically and through a series of strategic acquisitions of independent producers in our target markets. For more information on U.S. Concrete, visit www.us-concrete.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various forward-looking statements and information that are based on management's beliefs, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the expansion of the business; the opportunities and results of our acquisitions; the prospects for growth in new and existing markets; encouraging nature of volume and pricing increases; the business levels of our existing markets; ready-mixed concrete backlog; ability to maintain our cost structure and monitor fixed costs; ability to maximize liquidity, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; results of litigation; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2017. Source: USCR-G Company Contact Information: U.S. Concrete, Inc. Investor Relations 844-828-4774 IR@us-concrete.com Media Contact: Media@us-concrete.com U.S. Concrete Awarded Permit Allowing for Major Increase in Aggregates Delivered to its Long Beach, California Terminal PRESS RELEASE PR Newswire Sep. 5, 2018, 06:00 AM EULESS, Texas, Sept. 5, 2018 /PRNewswire/ -- U.S. Concrete, Inc. (NASDAQ: USCR) ("U.S. Concrete" or the "Company"), a leading national supplier of ready-mixed concrete and aggregates, today announced that its wholly owned subsidiary, Polaris Materials ("Polaris"), has obtained the necessary permits to increase the amount of aggregates it imports at its terminal located in Long Beach, California. As a result of the new permit, Polaris is now able to deliver up to two million tons of highly specified aggregates annually, effectively doubling its throughput capacity in supply-constrained Southern California. "We are very pleased to be able to expand the aggregates throughput at our Long Beach terminal, especially at a point in time where the demand for these materials in Southern California is at an all-time high," said William J. Sandbrook, Chairman, President and CEO of U.S. Concrete. "Our intention was for the Polaris acquisition to grow its aggregates volumes to provide our shareholders with both immediate and long- term value. The permit helps with these objectives, while also positioning our Company to benefit from the anticipated tailwinds for the market, including the 2028 Olympics in Los Angeles." U.S. Concrete acquired the Long Beach Terminal as part of its acquisition of Polaris in November 2017, which marked its entry into the Southern California market. By increasing its aggregates permitted volume, the Company can expand its project capacity and scope, and improve its ability to serve the market. About U.S. Concrete, Inc. U.S. Concrete, Inc. (NASDAQ: USCR) is a leading supplier of concrete and aggregates for large-scale commercial, residential and infrastructure projects in high-growth markets across the country. The Company holds leading market positions in New York, Philadelphia, San Francisco, Dallas-Fort Worth and Washington, D.C, and its materials have been used in some of the most complex and highly specialized construction projects of the last decade. U.S. Concrete has continued to grow organically and through a series of strategic acquisitions of independent producers in our target markets. For more information on U.S. Concrete, visit www.us-concrete.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various forward-looking statements and information that are based on management's beliefs, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the expansion of the business; the opportunities and results of our acquisitions; the prospects for growth in new and existing markets; encouraging nature of volume and pricing increases; the business levels of our existing markets; ready-mixed concrete backlog; ability to maintain our cost structure and monitor fixed costs; ability to maximize liquidity, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; results of litigation; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2017. Source: USCR-G Company Contact Information: U.S. Concrete, Inc. Investor Relations 844-828-4774 IR@us-concrete.com Media Contact: Media@us-concrete.com