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Sherman weighs waiting to sell land in growth corridor Herald Democrat The Sherman City Council is debating if the city should sell land near oncoming growth or hold onto it with the expectation of increased values. The council discussed this week the possibility of holding onto land along FM 1417 with the expectation that the property may increase in value. The Bel Air has been one of the largest focuses for the city in recent years. The development at the corner of FM 1417 and U.S. Hwy. 75 could include a mixture of single-family residential, retail and multifamily developments surrounding a public water feature.