“Old Towne South Site” RFP

Introduction & Schedule

Owner:                             The Urban Renewal Agency of the City of Twin Falls, Idaho (URA)

Project:                            Development of approximately 2.363 acres: 4th & Hansen: (“the Old Towne South Site” Or “Site”).

Site Location:              Generally located at the southeast corner of 4th Avenue South and Hansen Street, including parcels on the south side of 4th Avenue within the Old Towne-2 Revenue Allocation Area, (the “Project Area”).

Lots 11 through 32, Block 133 and Lots 1 through 5, Block 166.

Parcels: RPT0001133010C, RPT0001133017A, RPT0001133023A, RPT0001133025A. RPT0001133029A, RPT0001146001A, RPT00011460030, RPT00011460040

Project Consultant: Clearwater Financial, LLC

Build the next signature development in Idaho’s fastest-growing heartland corridor. The URA seeks a development partner to deliver a catalytic mixed-use, entertainment-focused project that strengthens downtown vibrancy, activates the public realm, and contributes to long-term economic sustainability.

The URA’s primary objective is to create a project that:

• Creates entertainment, nightlife and cultural amenities destination that:
  • encourages extended downtown visitation,
  • drives pedestrian activity,
  • activates street frontage,
  • supports surrounding businesses, and
  • generates lasting economic momentum.

The qualified development team will plan, finance, construct, own, and operate this high-quality entertainment-focused mixed-use project and will provide innovative and collaborative parking solutions on URA- owned property at Old Towne South in Downtown Twin Falls. The Site is a key catalyst parcel identified in the Old Towne-2 Urban Renewal Plan and Downtown Master Plan for higher-density mixed use development with structured parking to support the entertainment offerings of the area.

The City and URA will consider parking partnerships and redevelopment of additional parcels based on respondents’ proposals

URA and Federal Incentive Programs:

• This project is in a Federal Opportunity Zone (OZ);
• May be eligible for the New Market Tax Credits (NMTC).

Proposals are to be submitted electronically by 5:00 PM MST on August 28, 2026.

Questions: Questions regarding this RFP must be emailed by 5:00 pm MST on July 21, 2026. On July 28, 2026, written responses, including any addenda, will be posted on the URA webpage and/or distributed to all parties that have registered as interested parties by 5:00 pm MST on July 21, 2026.

Public Records: Proposals are subject to the Idaho Public Records Law (Idaho Code Title 74, Chapter 1). The URA will endeavor to maintain the confidentiality of materials marked as confidential exempt to the extent permitted by law but cannot guarantee confidentiality.

URA RFP webpage: https://twinfallsidaho.org/RFPs

“2nd & Hansen Site” RFP

Introduction & Schedule

Owner:                             The Urban Renewal Agency of the City of Twin Falls, Idaho (URA)

Project:                            Development of approximately 1.166 acres at 2nd Avenue South & Hansen Street: (the “2nd & Hansen Site” or “Site”).

Site Location:              Generally located along Second Avenue South between Hansen Street South and Shoshone Street South,

Within the Old Towne-2 Revenue Allocation Area (the “Project Area”). Lots 25 through 32, Block 103.

Project Consultant: Clearwater Financial, LLC

Build the next signature place in Idaho’s fastest-growing heartland corridor. The URA seeks a development partner to deliver a catalytic mixed-use project to include housing, hospitality, and/or retail that strengthens downtown vibrancy, activates the public realm, and contributes to long-term economic sustainability.

The URA’s primary objective is to create a project that:

• drives pedestrian activity,
• activates street frontage,
• encourages extended downtown visitation,
• supports surrounding businesses, and
• generates lasting economic momentum.

The qualified development team will plan, finance, construct, own, and operate this high-quality mixed-use project at 2nd Avenue South and Hansen Street South in Downtown Twin Falls. The 2nd & Hansen Site is a key Phase 1 catalyst identified in both the Old Towne-2 Urban Renewal Plan and the Downtown Master Plan.

URA and Federal Incentive Programs:

• This project is in a Federal Opportunity Zone (OZ);

• May be eligible for New Market Tax Credits (NMTC).

Proposals are to be submitted electronically by 5:00 PM MST on August 28, 2026.

Questions: Questions regarding this RFP must be emailed by 5:00 pm MST on July 21, 2026. On July 28, 2026, written responses, including any addenda, will be posted on the URA webpage and/or distributed to all parties that have registered as interested parties by 5:00 pm MST on July 21, 2026.

Public Records: Proposals are subject to the Idaho Public Records Law (Idaho Code Title 74, Chapter 1). The URA will endeavor to maintain the confidentiality of materials marked as confidential to the extent permitted by law but cannot guarantee confidentiality.

URA RFP webpage: https://twinfallsidaho.org/RFPs

Questions should be directed to:

On behalf of the Urban Renewal Agency of the City of Twin Falls, Idaho

Christine Stoll, M.S, MAR

Vice President |Strategy and Market Development

Registered Municipal Advisor Representative

Clearwater Financial

208.800.9689 | info@clearwaterfinancial.biz