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The first four-level stack interchange in Texas was built in Fort Worth at the intersection of I-35W and I-30 (originally I-20) near downtown. This interchange, finished in 1958, was known as "The Pretzel" or the "Mixmaster" by locals. The original contract cost was $1,220,000. [3]
Taxpayers who hold real estate as inventory, or who purchase real estate for re-sale, are considered "dealers". These properties are not eligible for Section 1031 treatment. However, if a taxpayer is a dealer and also an investor, he or she can use Section 1031 on qualifying like properties.
The Interstate Land Sales Full Disclosure Act of 1968 (ILSFDA or ILSA or "Act") was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land.
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A braided or diverging interchange is a two-level, four-way interchange. An interchange is braided when at least one of the roadways reverses sides. It seeks to make left and right turns equally easy. [37] In a pure braided interchange, each roadway has one right exit, one left exit, one right on-ramp, and one left on-ramp, and both roadways ...
The High Five Interchange is one of the first five-level stack interchanges built in Dallas, Texas. Located at the junction of the Lyndon B. Johnson Freeway ( Interstate 635 , or I-635) and the Central Expressway ( U.S. Highway 75 , or US 75), it replaces an antiquated combination interchange constructed in the 1960s.
In the absence of urban planning policies, property tax on real estate changes the incentives for developing land, which in turn affects land use patterns. One of the main concerns is whether or not it encourages urban sprawl. The market value of undeveloped real estate reflects a property's current use as well as its development potential. As ...