"Buffalo Bill" Cody led the Grand March celebrating the opening of the Sheridan Inn in 1892 and was part-owner of the building for about eight years. The railroad and the Sheridan Land Company built the Inn, and the railroad helped Sheridan grow and prosper at the expense of other nearby communities. The first telephone and electric lights in Sheridan were in the Inn. Like many visitors from the East, "Miss Kate" Arnold arrived by train and worked at the Inn from 1901 until 1965. Some people believe that her spirit still watches over the Inn.