Plano Navigating Through Rough Financial Times

As already tough economic times continue to get worse, cities across Texas are finding ways to cut back.

The City of Plano is facing a forecasted defect of $17 million for the 2008 - 2009 budget year.
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Holiday Inn Express Planned for Far North Dallas

Atlantic Hotels Group plans to start construction by July on a Holiday Inn Express at the northeast corner of Interstate 635 and Preston Road, said Sonny Babu, director of operations and openings for the Carrollton-based group. The hotel is scheduled to open in the fall of 2009, he said.

Atlantic Hotels already owns three Holiday Inn Express hotels in Allen, Plano and DeSoto. It plans to break ground later this month on a 100-suite TownPlace Suites by Marriott in DeSoto, set to open next year.

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Landscaping Issue Leads to Warrant for Plano Man

A Plano home owner said he is shocked that a few bushes he planted in front of his home ultimately led to a warrant for his arrest.

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Defunct Mortgage Bank Accused of Diverting Funds

In the 30 days before Maverick Residential Mortgage closed its doors for good, the Plano-based lender twice took money intended to fund a series of loans and used it to cover its payroll and other expenses, according to a lawsuit.

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More Plano real estate information at Remax Plano.

Mixed-use Project Planned at Preston and 121 in Plano

Lincoln Property Co. is preparing to start work on the last vacant corner at the intersection of Preston Road and State Highway 121 in Plano. It will be a huge booster in the Plano real estate market. The Dallas developer's 80-acre project will include a large shopping center plus housing, office space and a hotel. The first phase of the development – called Village 121 – will open in 2009 and will be anchored by a Market Street grocery store.

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