|
Updated: 10:49 PM Jan 18, 2010
Improvements to downtown Sherman could boost economy
SHERMAN, TX -- Good economic news for Grayson County--Improvements to downtown Sherman could be coming soon.
Posted: 9:47 PM Jan 18, 2010Reporter: Josh Stevenson Email Address: josh.stevenson@kxii.com |
|
SHERMAN, TX -- Good economic news for Grayson County--Improvements to downtown Sherman could be coming soon.
Since the completion of the Sherman Town Center, sales tax revenues in the city have been booming, but not every area in Sherman has reaped the benefits of all the new business on the Highway.
One of the areas that hasn't seen growth is downtown Sherman.
"You hate to see the city you grew up in decay, so we are trying to reverse that," said David Baca, of David Baca Studios.
He is hoping to improve the outlook for Downtown Sherman. His company, David Baca Studios, is helping to design and implement improvements to the streetscape. Improvements funded by a TIF, or tax increment financing reinvestment zone.
That takes the financial burden of improving downtown Sherman off of the city and places it on businesses in downtown.
"Downtown Sherman businesses will still be paying taxes, but It is going to advance infrastructure development in Downtown Sherman."
The main focus of the TIF funding will be to improve streetscapes by adding trees, reworking curbs and light fixtures, and hopefully in the end, make downtown a destination for shoppers and shop owners.
"It makes it a more inviting place for people to come and visit, and hopefully for businesses to relocate," said Mayor Bill Magers.
Magers says the project works by allowing those who are most invested in improving downtown to use their tax dollars to help make it happen.
"You allow the business folks in downtown to have a budget and to make the improvements to make our downtown a better place to shop, work and do business," Magers said.
| AP Video on KXII |
|
|
| In The Community | |
|
Cure for Caleb Golf Tournament
Last Updated: 8:23 AM 09/09/10 - Playing a little golf can raise money for research that could one day save the lives of many sick children. (Full Story) |
|
|
TMC Fall Health Festival
Last Updated: 7:37 AM 09/09/10 - TMC is kicking of the fall with a festival to celebrate health. (Full Story) |
|
|
Crusin' for a Cure
Last Updated: 8:08 AM 09/08/10 - A local group is sponsoring an event to raise money and support for the March of Dimes. (Full Story) |
|
|
Boy Scout Night
Last Updated: 8:00 AM 09/08/10 - The Boy Scouts are looking for interested parents and kids to join their ranks. (Full Story) |
|
|
Sherman Arts Festival
Last Updated: 7:50 AM 09/08/10 - The Sherman Arts Festival is right around the corner. (Full Story) |
|
| More Headlines | |
| Most Discussed Stories |
| Former Denison football standout arrested 96 Comments |
| Local reaction from both sides on Obama's visit to TX 57 Comments |
| Alcohol served on Choctaw Casino floor 57 Comments |
| Bear cubs need new habitat 55 Comments |
| Gainesville man shot multiple times after shoplifting incident 46 Comments |
| Cooke Co. budget cuts upsetting employees and leaders 41 Comments |


