Welcome to the Twin Falls Urban Renewal Agency
The Twin Falls Urban Renewal Agency, also known as TFURA, was formed in 1965 to utilize federal Housing and Urban Development funds to spur renewal efforts in downtown Twin Falls. Those improvements on Main Avenue and Shoshone Street were completed in the early 1970s, along with acquisition of several parking lots by the City of Twin Falls and TFURA.
In 1989, TFURA created its first Revenue Allocation Area, or RAA, to assist Universal Frozen Foods’ (now Con-Agra) and Henningsen Cold Storage’s expansion by increasing the sewer capacity and building a new road. The increased tax revenue was the income stream to pay off the bond that paid for those improvements.
Since then, TFURA has helped dozens of companies grow or relocate to Twin Falls, which has created thousands of jobs while continuing to invest in Twin Fall’s downtown revitalization.
Recently TFURA assisted the following companies:
- 2011/2012 - TFURA and the City of Twin Falls assisted Chobani Yogurt to build a new 1 million square-foot, $450 million capital investment yogurt production plant to serve their expanding market. The City and TFURA have invested about $36 million in new infrastructure to accommodate their operations in Twin Falls. As of December 2012 Chobani had 330 employees and expect to increase their workforce in 2013 to about 550. Chobani's economic impact will be more than $1 billion annually as the main ingredient is milk and all the milk is sourced locally.
- 2012 - TFURA sold property in downtown to help Glanbia Foods and a local developer invest $15 million in a new corporate headquarters and cheese innovation center totaling more than 50,000 square feet. The facilities represented the largest capital investment to-date in downtown Twin Falls and will bring about 150 employees to the downtown area. TFURA has also made infrastructure improvements and added new off-street parking to accommodate employee and visitor parking.
- 2010 - St. Luke’s Magic Valley Medical Center opened a new 110-employee financial services office downtown; the City and TFURA assisted by providing off-street parking and making other infrastructure improvements.
- 2010 - Recruited C3Connect, a business outsourcing/call center company to Twin Falls by offering a competitive lease on the former Dell Technical Support Center. By November 2010, C3 had hired 800 employees;
These are just some of the projects and how TFURA and the City can partner with private capital to re-invest in Twin Falls and create hundreds of new jobs. Please take a few minutes to browse our site, learn how we can help your business expand or relocate, and contact us for additional information and assistance. Local residents can also find information on TFURA’s activities and goals.