Twin Falls Urban Renewal District borrowing money from Chobani

Twin Falls Urban Renewal District borrowing money from Chobani

by
Mitch Coffman
May 30, 2012
Mitch Coffman
May 30, 2012

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.

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