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Texas French Bread meets $100K GoFundMe goal less than 24 hours after devastating fire

The fire caused a total loss of the 2900 Rio Grande Street bakery. (Texas French Bread)

A GoFundMe organized on behalf of Texas French Bread has already exceeded its goal after a mechanical failure caused a devastating fire to the bakery.

The fire sparked around 11 p.m. on Jan. 24 and firefighters battled the blaze into the early morning. No one was injured but the fire collapsed the roof of the building and caused $1.6 million in damages.

The GoFundMe was organized by Ilana Panich-Linsman, a friend of Texas French Bread owners Murph and Carissa Willcott, and has already raised $106,324 of its $100,000 goal to go toward the damages as the community rallies around the restaurant. It was created around 11 a.m. Thursday

Panich-Linsman said all of the money will go directly to the Wilcotts, who will, in turn, decide how to distribute it. Many of the donations came with heartfelt notes, sharing what the restaurant meant to the community.

A host of local businesses, even bakeries, donated in support of the bakery.

The support didn't end on their GoFundMe, as fans of the bakery took to social media to mourn the loss.

It is still unclear what will happen to the beloved bakery, as the GoFundMe stated that the owners are still unclear as to what kind of reimbursement they will receive.


With deposition and trial looming, Elon Musk has offered $44B for Twitter, again

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.