When it was first announced Chobani was planning to construct a plant in Twin Falls, it also became known that the Twin Falls Urban Renewal District was borrowing $17.3 million at an interest rate of 3 percent for infrastructure needs for the company.
But, according to the Times-News in Twin Falls, the company has bigger plans and the Urban Renewal Board just approved borrowing $6 million from Chobani.
The district plans to pay off the loan by July 30.
