SEDCO moves forward with $465K land purchase

8/12/21 (Michael Hutchins, Herald Democrat)

With two real estate transactions Tuesday following a closed executive session, Sherman Economic Development Corp. moved forward on the $465,000 purchase of one tract of land near Flannery road the start of negotiations on another tract elsewhere.

SEDCO President Kent Sharp said the economic developer has no current plans for the property and instead hopes to use create a gap between residential and other uses.

The tract of land is not directly along any major roadway, but is located closest to Flanary Road. The property is located near Panda Power and Texas Instruments, among other industries located in south Sherman.

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