The City is going to trade infrastructure extensions for land to facilitate a high tech development in north Sheridan. Forward Sheridan Director Jay Stender says the trade is a proactive step toward economic development in Sheridan.
Under the terms of the agreement, the City will acquire just over 38 acres of land. One of the concerns is that this agreement would put the City in direct competition with private developers.
That’s Councilor Steve Brantz. The land is not due to be developed immediately and would allow for the City to apply for community development block grants to actually build the infrastructure. The Council intends to transfer the land to Forward Sheridan or the Sheridan Economic and Educational Development Authority.
The parcel would have limits on its development and one of those conditions would be that lot sizes must be 4 acres or greater when the property is developed.
Infrastructure grants would most likely come through the Wyoming Business Council or the Wyoming Water Development Commission. The price tag for the extension could be as high as $1.2 Million.