The development of Orland Park’s long-planned downtown would get a big lift from an economic development tool used throughout the south and southwest suburbs, and plans for which are being advanced by village officials. It involves creating a fresh tax increment financing district focused on what is generally referred to as the Main Street Triangle, northwest of La Grange Road and 143rd Street. The village owns seven properties spread over 9 acres, and has been working for more than two years with an Orland Park-based firm Edwards Realty, which is proposing more than 140,000 square feet of commercial and office space and a larger park in the center of the site. The development would be situated around the Ninety7Fifty on the Park apartments, University of Chicago Medicine Center for Advanced Care, a parking garage and the 143rd Street Metra station. Mike Nolan/Daily SouthtownPlans for a new tax increment financing district in Orland Park’s proposed downtown development are advancing.

BING NEWS:
  • Orland Park may create new TIF for downtown triangle, groundbreaking possible next month
    The equalized assessed value of the Orland Park land is $158,000 and that is projected to increase to $35 million by tax year 2043.
    09/7/2024 - 11:26 pm | View Link
  • Orland Triangle takes another step forward with Heroes Park plan
    A major concern of Orland Park officials is the lack of a large community gathering place. As groundbreaking for the Main Street Triangle project nears, a community area is one ...
    09/4/2024 - 2:30 am | View Link
  • Downtown Raleigh plan aims to reinvigorate center city, create connections to Dix Park, NC State
    There were proposals and ideas that could change the Raleigh skyline and create more public ... a connection between downtown and the Dorothea Dix Park area that bolsters access for both areas. Making ...
    08/28/2024 - 6:42 am | View Link
  • Leo the dog eases first day jitters as students return to school in Orland Hills
    Leo, the black Labrador retriever who serves as the Orland Park Police Department’s therapy dog, was on hand, er paw, to greet the younger students as they arrived with their parents.
    08/20/2024 - 12:07 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News