Sherman is moving forward with plans for a tax abatement for the local Tyson Foods Inc. facility. The Sherman City Council created an industrial reinvestment zone for Tyson during its regular meeting Monday. Tyson is considering a possible investment of $30 million in building and equipment for an 80,000-square-foot expansion of its local facility. In a document created for the council, city staff said the current taxable value of Tyson's property is about $88 million, but the expansion project would add about $19 million in additional taxable value...
