ECONOMY

Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.
Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.

Years Later, Benefits from State Subsidy to Chevron Hard to Find

Texas announced in 2013 it was giving Chevron millions of dollars toward building a new office tower and creating 1,752 jobs. More than two years later, the site of the building remains a grassy lot and Chevron has laid off hundreds of workers.

Years Later, Benefits from State Subsidy to Chevron Hard to Find

Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.
Chevron was expected to build an office building at 1600 Louisiana Street in downtown Houston. More than two years after receiving state support for the project, company company officials say they have no plans to build the tower in the near future.

Texas announced in 2013 it was giving Chevron millions of dollars toward building a new office tower and creating 1,752 jobs. More than two years later, the site of the building remains a grassy lot and Chevron has laid off hundreds of workers.

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Take In a View of the New Texas Space Race

In Texas Drilling Country, Oil Plunge Means Too Many Rooms at the Inn

Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.
Cotulla Motel employee Jared Ramirez bags ice on April 7, 2016. Ramirez began working at the motel after work in the oil fields dried up.

Cotulla, population 4,000, built 20 hotels during a yearslong oil boom, calling itself the "Hotel Capital" of the Eagle Ford Shale. A plunge in oil prices has prompted questions about whether that was a good idea. 

F1 Organizers Hope Taylor Swift Brings Them Out of the Woods

Bobby Epstein, Chairman and CEO of Circuit of the Americas, speaks at a press conference concerning F1's return to COTA at the COTA Downton Paddock on March 9, 2016.
Bobby Epstein, Chairman and CEO of Circuit of the Americas, speaks at a press conference concerning F1's return to COTA at the COTA Downton Paddock on March 9, 2016.

After months of speculation that the U.S. Grand Prix in Austin could be canceled this year, organizers say the race is on — and they're bringing in Taylor Swift on race weekend to help shake off the organization’s financial woes.

In South Texas County, an Investment in Survival as Oil Boom Stalls

La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.
La Salle County, about 90 miles southwest of San Antonio, has professionalized its once all-volunteer firefighting force and invested in new trucks and equipment. The overhaul has slashed response times and spurred more residents to trust first responders, officials say.

Thanks to a surge in drilling, La Salle County was able to finance a multi-million upgrade to its emergency response capabilities. While the oil boom has stalled, the dramatic improvements are here to stay, officials say.