FINANCIAL_SERVICESONGOING

Urban renewal plan extended to support Chobani expansion

The Urban Renewal Agency of Twin Falls has proposed a Second Amendment to the Urban Renewal Plan for Revenue Allocation Area #4-3, extending the plan to December 15, 2046 to support Chobani’s large-scale expansion. The amendment maintains a $14.23 million reimbursement cap to Chobani and contemplates approximately $53.05 million in new TIF-supported infrastructure costs funded through reimbursement agreements and other financing tools.

Document date · August 31, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$14,234,032 reimbursement cap; $59.8 million project estimate; $53.05 million TIF-supported costs
Contract type
FINANCIAL_SERVICES
Contract term
Plan extended to December 15, 2046; revenues may be used through September 30, 2047
Renewal date
2046-12-15
Renewal
Second Amendment extends the revenue allocation area for 15 additional years, preserves the priority of the Series 2013A bond, and continues the reimbursement agreement with Chobani, with obligations terminating no later than September 30, 2047 or upon early repayment of bonds and project costs.
Document type
AgendaPacket
Source document
City of Twin Falls Agenda Packet 2026-08-31

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Twin Falls?

CHOBANI was awarded this financial services contract by City of Twin Falls, as recorded on August 31, 2026. The contract value is $14,234,032 reimbursement cap; $59.8 million project estimate; $53.05 million TIF-supported costs.

How much is the CHOBANI contract with City of Twin Falls worth?

The CHOBANI contract with City of Twin Falls is valued at $14,234,032 reimbursement cap; $59.8 million project estimate; $53.05 million TIF-supported costs, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Twin Falls Agenda Packet 2026-08-31 (AgendaPacket), dated August 31, 2026 from City of Twin Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does CHOBANI hold?

CHOBANI may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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