DSA to Look at Feasibility of Downtown Development Authority

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Downtown Sheridan Association Executive Director Stacie Coe
Downtown Sheridan Association Executive Director Stacie Coe

The Downtown Sheridan Association will move forward with plans of hiring a consultant to conduct a feasibility study on creation of a Downtown Development Authority in Sheridan.

The Sheridan City Council recently approved a request from DSA in the amount of $30,000 to develop a downtown business plan that includes the feasibility analysis on establishing a DDA.

DSA Executive Director Stacie Coe says that there will be an education process that will go along with the analysis.

Coe explains how having a Downtown Development Authority would benefit Sheridan.

The total cost for the analysis and plan is $50,000. The Sheridan City Council approved $30,000 of One-Cent option contingency monies to help fund the study; DSA will fund the remaining $20,000.

Coe said preparing the downtown business plan and feasibility study on development of a Downtown Development Authority will be about a 6 to 8 month process.

Other communities around the state that have developed and implemented successful DDA's are Cheyenne, Casper and Rawlins.

Carrol Realty
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