In a recent government meeting, officials outlined significant financial plans for the development of downtown Orland Park, with a focus on utilizing the Tax Increment Financing (TIF) increment fund. Approximately $33 million will be allocated from this fund, with $10 million earmarked specifically for utility relocation and the construction of Heroes Park.

To enhance financial security, the village plans to divide its bonds, releasing funds incrementally as development meets established standards. This strategy aims to ensure that the project remains on track while safeguarding public investment.

Additionally, the village will establish a Special Service Area (SSA) encompassing the entire property. SSAs are local tax districts that enable funding for expanded services and programs through a localized property tax levy. The revenue generated from the downtown Orland Park SSA is expected to support various initiatives, contributing to the long-term maintenance and enhancement of the area.

Officials acknowledged the complexity of the project, noting that there are numerous components involved in bringing this vision to fruition.