The North Main Master Plan is a neighborhood-scale effort to to spur revitalization of the entire North Main District. The City of Sheridan helped organize this process and provided resources, but the plan was developed by area residents and business owners.
Please look through the plan–our community’s vision for the future.
GOAL 01 – Vibrant Neighborhoods & Businesses – Increase housing options – Establish predictability for residents and property owners regarding the status of land uses within neighborhoods and business areas – Stabilize and enhance existing neighborhoods
GOAL 02 – Welcoming & Connected Green Space – Extend the trail system along Goose Creek to improve connections between North Main and the rest of the city – Improve connections between neighborhoods, parks & open space areas
GOAL 03 – Unique and Identifiable Image – Clearly identify North Main gateways – Establish a standard of high quality design for new buildings and parking
GOAL 04 – Enhanced Transportation Network – Improve auto, pedestrian & bike access – Create a safe and attractive pedestrian area along Main Street and its corridors
GOAL 05 – Strong Retail/Mixed-Use Core – Retain existing & attract new businesses – Strengthen linkages between North Main, downtown & activity centers
URBAN RENEWAL AUTHORITY
Study → Action
In 2012 the North Main Association commissioned a study to produce an economic strategy for the North Main area. The study, Economic Development Strategy and Action Plan listed a number of potential strategies to jump start economic development in the North Main. One of the recommendations was the creation of an Urban Renewal Authority.
What is an Urban Renewal Agency?
A URA creates a special district for the purposes of revitalization and economic development within a city. A URA can generate funding through tax increment financing, although it is only able to collect increment on property taxes, not sales taxes. A URA can be formed by city council resolution after certain conditions of blight have been met through a feasibility study. A URA can take part in certain redevelopments as well as the construction of public facilities, and infrastructure such as roads, sidewalks, and parks.
North Main Association
NMA is in the process of drafting an ordinance to establish a URA. Several other communities in Wyoming have established URAs and we will use their experience to guide us. We hope to introduce a resolution to Sheridan City Council in the Summer of 2014 and we look forward to sharing news of our progress soon.