The Village of Orland Park is set to experience significant economic growth and revitalization as several key developments are on the horizon, following a recent government meeting. Among the most notable announcements is the approval of a new DICK'S Sporting Goods store, which will replace the former Sears location. This new concept, DICK'S House of Sports, is expected to enhance foot traffic at the already popular mall by 30%, further solidifying its status as a top shopping destination.
In addition to the DICK'S development, the village is moving forward with plans for a new entertainment district in downtown Orland Park. This ambitious project will feature over 140,000 square feet of retail, restaurant, and entertainment space, centered around Heroes Park, which will host community events such as art fairs and concerts. Groundbreaking for this long-awaited development is scheduled for March 27, with hopes of completion by the end of 2026.
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Subscribe for Free The meeting also highlighted the village's resilience in job creation, with over 5,000 new jobs added in the past eight years, despite the challenges posed by the COVID-19 pandemic. This growth stands in stark contrast to job losses seen in Cook County and across Illinois, showcasing Orland Park's robust economic recovery.
Financially, the village has made significant strides in improving its budget and reserves. After facing a decline in reserves in previous years, the village has successfully increased its financial stability, now boasting a reserve level of 33%. This turnaround is attributed to strategic cuts in the operating budget, restructuring of debts, and investments in technology.
Overall, the developments discussed in the meeting signal a promising future for Orland Park, with a focus on enhancing community experiences and economic vitality. As these projects come to fruition, residents can look forward to a revitalized village that prioritizes growth and sustainability.