City of Sioux Falls City Council Meeting Agenda March 2026
Smithfield Package Meats Receives $89.9M TIF Deal Approved
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Description
The Sioux Falls City Council approved a Development Agreement with Smithfield Package Meats Corp. for up to $89,900,072 in Tax Increment Financing to support eligible expenses for the new Foundation Park project. The ordinance enables reimbursement per the Project Plan and SD Codified Law.
Contract Details
Contract Amount
up to $89,900,072
Vendor
SMITHFIELD PACKAGE MEATS CORP
Agency
City of Sioux Falls, SD
Contract Type
FINANCIAL_SERVICES
Document Date
March 15, 2026
Renewal Info
Reimbursement is limited to the stated not-to-exceed amount under the Project Plan and law; any amendments would require further council approval.
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Related Contracts
City of Sioux Falls City Council Meeting Minutes March 2026
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City of Sioux Falls City Council Meeting Agenda March 2026
City of Sioux Falls City Council Meeting Agenda March 2026
City of Sioux Falls City Council Meeting Agenda March 2026
City of Sioux Falls City Council Meeting Agenda March 2026
City of Sioux Falls City Council Meeting Agenda March 2026
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