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Orland Park OKs consulting work and inducement resolution as redevelopment plans for Orland Square Mall proceed
Summary
Trustees approved a consulting agreement with SB Friedman for up to $30,000 and adopted an inducement resolution to allow reimbursements if a Tax Increment Financing (TIF) district is later established for Orland Square Mall redevelopment, including a potential relocation of Dick's Sporting Goods into the former Sears space.
The Village of Orland Park Board of Trustees on March 17 authorized up to $30,000 for SB Friedman Development Advisors to perform as-needed consulting related to the Orland Square Mall redevelopment and adopted an inducement resolution that would allow the village to reimburse eligible expenses if a Tax Increment Financing (TIF) district is ultimately created for the site.
Mayor Picow and staff described the work as an early-phase evaluation to determine whether a TIF could fund stormwater improvements and other infrastructure needed to support redevelopment of the former Sears site and surrounding ring road.…
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