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Orland Park advances Crossroads TIF steps, authorizes escrow agreement for feasibility work
Summary
Trustees authorized an escrow agreement with a potential developer and adopted a resolution declaring the village's intent to reimburse eligible expenditures for a proposed Orland Park Crossroads TIF centered near 159th and LaGrange. Staff said the tools are intended to enable owner‑occupied housing and protect school‑district revenue through intergovernmental coordination.
The Village of Orland Park took procedural steps toward a possible Crossroads Tax Increment Financing (TIF) district, authorizing an escrow agreement with a developer to pay for feasibility and financial studies and adopting a resolution declaring the village’s intent to reimburse certain expenditures should a TIF be created.
Staff explained the site (southeast corner of 159th and LaGrange) is overgrown and currently…
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