Consultants Arnett Muldrow and Associates were commissioned by the City of Sheridan and the Downtown Sheridan Association to develop a downtown business plan and conduct a feasibility study on forming a downtown development authority. Aaron Arnett with Arnett Muldrow and Associates has recommended that a DDA be created to work in conjunction with the DSA.
Arnett stated that in order to create a DDA, state statutes require that along with creating a business plan and feasibility study, which have been done, it is also required that 25 percent of non-residential property owners in the district bring a petition to the City Council. The Council would then hold a public hearing process and ultimately approve an ordinance outlining the specific duties of the DDA.
Arnett also explained how the DDA would be funded.
An interactive website has been set up to help educate and inform people about the advantages of forming a downtown development association, as well as to answer any questions that people may have regarding a DDA.