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News Releases

Molecular Insight Pharmaceuticals, Inc. Completes Strategic Purchase of
Radiopharmaceutical Manufacturing Facility
Molecular Insight Pharmaceuticals, Inc. announced today that it has completed the purchase of a commercial-scale radiopharmaceutical manufacturing facility located in Denton, Texas, effective October 1, 2007. [ more ]

Avionics International Supply, Inc. (AIS) Announces Foreign-Trade Zone Activation
Mike Sutphin, Vice President & General Manager of Avionics International Supply, Inc. (AIS) announced that the US Customs and Border Protection has granted activation to the AIS facility located in Denton Texas as a general purpose zone under Foreign-Trade Zone #168. [ more ]

Denton Airport Opens Parallel Taxiway
On Thursday, July 26th, Denton Airport officially opened a new parallel taxiway. The construction of the taxiway began in fall of 2007 at a cost of approximately $3.4 million, and gave the airport a full length parallel taxiway adjacent to the runway. [ more ]

Molecular Insight Pharmaceuticals, Inc. enters into agreement to purchase radiopharmaceutical manufacturing facility
Molecular Insight Pharmaceuticals, Inc. announced today that it has entered into a purchase agreement to acquire a commercial-scale radiopharmaceutical manufacturing facility located in Denton, Texas. [ more ]

City OKs land-use changes
Rejecting claims that a new retail center in Denton could doom Golden Triangle Mall, City Council members on Tuesday approved land-use changes to support the hotly debated Rayzor Ranch development. [ more ]

City OKs grants for downtown - Denton Record Chronicle
Denton city leaders hope a new grant program will help property owners revitalize aging downtown buildings.

The City Council on Tuesday approved a program to let property owners in Denton's central business district apply for city funds to recoup some of their redevelopment costs. [ more ]

Peerless Manufacturing sells Dallas facility for $4.4M - Reliable Plant Magazine
Peerless Manufacturing Company on February 2 announced that the company has agreed to sell its Dallas facility to Dallas Area Rapid Transit "DART" for $4,424,000 cash. The sale is planned to close on May 1.

Peter J. Burlage, CEO stated, "...our Denton manufacturing facility will be expanded to accommodate the displaced Dallas facility...." [ more ]

New Manager Seeks to Bring out the Full Potential of Denton Municipal Airport - Denton Record Chronicle
With more than 88,000 takeoffs and landings and at least four new commercial hangars in the past year, business at Denton Municipal Airport is in the fast lane (or airborne).

"We're busy and growing," says Tim Whitman, who has been at the helm as airport manager for the past year. "The airport continues to be an economic engine for the community." [ more ]

Construction to Begin Soon on Sam's Club & Wal-Mart at Rayzor Ranch
Joe Gampper, a representative of Allegiance Development Center said that Wal-Mart and Sam's Club, two stores totalling over 375,000 square feet, could be open within a year. [ more ]

Housing Could Double - Denton Record Chronicle
If four proposed large-scale developments come to fruition, the city of Denton could see more than 28,000 new houses in the next 15 to 20 years.

With an estimated 21,185 single-family homes in Denton as of 2005, according to the Denton Central Appraisal District, the proposed developments would more than double the city's size. [ more ]

Morrison Milling Leases Spot at Granite Point - Denton Record Chronicle
Granite Properties recently leased the first 60,000 square feet of Denton's newest business park on Interstate 35-West.

The lease agreement with Morrison Milling marked a milestone for the company planning to build at least 3 million square feet of industrial space in North Texas. [ more ]