$1.3B Smithfield Plant Plan with $89.9M TIF Support
City of Sioux FallsCity · Sioux Falls, SD- Disclosed value
- $1,300,000,000 (total project); $110,300,000 (wastewater treatment plant); $136,300,000 (total TIF-eligible expenses); $89,900,072 (TIF amount requested)
- From staffreport
- Document date
- Mar 4, 2026
- Renews
- Free account
The 30-second brief
The City of Sioux Falls is planning to enter into a development agreement with Smithfield for the construction of a new meat processing facility and on-site wastewater plant. The total project cost is $1.3B, with a TIF package up to $89.9 million for eligible public improvements to be repaid over 20 years from property tax increment.
SMITHFIELD holds this construction contract with City of Sioux Falls. Its other public contracts on record include work for City of Richmond and South Summit Fire Protection District.
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Contract details
- Contract type
- Construction
- Amount
- $1,300,000,000 (total project); $110,300,000 (wastewater treatment plant); $136,300,000 (total TIF-eligible expenses); $89,900,072 (TIF amount requested)
- Document date
- March 4, 2026
- Term
- Construction from 2027 to completion in 2028; TIF payback period up to 20 years
- Renews
- On record
- Vendor
- SMITHFIELD
- Agency
- City of Sioux Falls
- Source document
- Planning Commission Staff Report March 2026 (StaffReport)
SMITHFIELD's other public contracts
More City of Sioux Falls contracts
Questions about this contract
Who was awarded the construction contract by City of Sioux Falls?
SMITHFIELD was awarded this construction contract by City of Sioux Falls, as recorded on March 4, 2026. The contract value is $1,300,000,000 (total project); $110,300,000 (wastewater treatment plant); $136,300,000 (total TIF-eligible expenses); $89,900,072 (TIF amount requested).
How much is the SMITHFIELD contract with City of Sioux Falls worth?
The SMITHFIELD contract with City of Sioux Falls is valued at $1,300,000,000 (total project); $110,300,000 (wastewater treatment plant); $136,300,000 (total TIF-eligible expenses); $89,900,072 (TIF amount requested), covering construction work.
What type of contract is this?
This is a Construction contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in Planning Commission Staff Report March 2026 (StaffReport), dated March 4, 2026 from City of Sioux Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does SMITHFIELD hold?
SMITHFIELD may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Sioux Falls currently buying?
Explore City of Sioux Falls's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.