Seems like all those wells weren't what they were cracked up to be. And when the industry rolled in town and promised the moon, they were just kidding. Remember when the industry owned the Forth of July? And Christmas? And the libraries? And the politicians?
Yeah, well, that's over and Fort Worth has decided to jump on the Chesapeake suing bandwagon. Mayor Price says they don't want to but they owe it to taxpayers.
They owe a lot more than that to taxpayers. If they really wanted to "protect the taxpayers", they would have done their due diligence before selling off their land, air and water to make a dollar. Oh, wait, now it's 50 cents...
Read the bare bones in the Fort Worth Star-Telegram.
Then pay attention at election time. It's costing you a fortune not to.
Mayor Betsy Price said the city was prompted to investigate their dealings with Chesapeake after several other entities, including other cities, filed lawsuits against the Oklahoma-based corporation.
She said the city did not want to press through with a lawsuit, but that the officials have a duty to the taxpayers.
A federal lawsuit against Chesapeake was filed in March by Tarrant County landowners, including Ed Bass and Trinity Valley School, citing similar problems.
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