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Board reviews Downtown Orland Park redevelopment plan, including $33 million in potential village support

3283471 · May 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Developers and village staff presented a multi‑phase redevelopment plan for the Main Street Triangle TIF district, outlining parcel plans, utility relocation, financing terms and protections the village will require before conveying land.

Orland Park — Village staff and Edwards Realty presented a detailed update on the Downtown Orland Park redevelopment and a proposed redevelopment agreement that could commit up to $33 million in public support for infrastructure and park work.

The presentation covered the redevelopment’s history, a conceptual master plan for roughly 9.15 developable acres in the Main Street Triangle TIF District, parcel-level uses, a schedule of approvals and the financial and legal protections the village will require before transferring title for any parcel.

Why it matters: The project would redevelop a long‑vacant downtown site, relocate major utilities through Heroes Park, create a civic and entertainment hub, and use Tax Increment Financing (TIF) and a special sales tax to reimburse certain eligible expenses. The plan aims to convert underused land into a mixed-use center, but it requires complex interagency coordination and financing commitments.

What presenters described: Edwards Realty’s concept envisions mixed-use buildings on Parcels A and B (commercial ground floors with offices, hospitality or residential options above), a civic/entertainment…

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