​​​​SHERMAN – The City of Sherman has purchased a 16.088-acre tract of land adjacent to Pecan Grove Park.
The Sherman City Council voted to accept a general warranty deed for the purchase of the land for $663,276.
In order to consider the land for long, the city exercised four option periods, which cost a total of $205,000. That amount will be applied to the purchase price of $663,276 for the just over 16 acres of land.
Part of the 16 acres will be used for the planned extension of Travis St. onto the west side of US 75.
That extension will go through the Sherman Crossroads development and will ultimately be a four-lane divided roadway that will connect with OB Groner Rd. at its intersection with FM 1417.
​Loo​king for more data? See Sherman-Denison Market Overview Research.