Orland Park Mulls TIF for Major Intersection

Village considers tax incentives for redevelopment of 159th and LaGrange corner.

Apr. 7, 2026 at 11:27pm

A photorealistic studio still life featuring a collection of sleek, geometric objects in polished materials like steel, glass, and stone, arranged elegantly on a clean, monochromatic background to symbolize the commercial real estate and municipal finance behind Orland Park's redevelopment plans.Orland Park's strategic acquisition and redevelopment plans for a key commercial intersection aim to revitalize the village's business district.Orland Park Today

The village of Orland Park, Illinois is considering establishing a tax increment financing (TIF) district for the southeast corner of the intersection of 159th Street and LaGrange Road. This move comes as the village has also recently purchased the former Kmart property at that location, signaling plans for redevelopment of the high-profile commercial site.

Why it matters

The 159th and LaGrange intersection is a major commercial hub for Orland Park, and the potential TIF district could help spur new investment and development at this key location. TIF districts allow municipalities to capture future property tax gains to finance current improvements, making the area more attractive for private developers.

The details

Orland Park officials stated that a developer has expressed interest in the former Kmart site and surrounding properties, but additional incentives may be needed to make the redevelopment financially viable. The village recently purchased the Kmart property, which closed in 2024, in order to have more control over the site's future use and development.

  • Orland Park purchased the former Kmart property in early 2026.
  • The village is currently considering establishing a TIF district for the 159th and LaGrange intersection area.

The players

Orland Park

The village of Orland Park, Illinois, a suburban community southwest of Chicago.

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What’s next

Orland Park officials will hold public hearings and discussions in the coming months to gather feedback on the proposed TIF district before making a final decision.

The takeaway

The potential redevelopment of this high-profile commercial intersection in Orland Park highlights the village's efforts to maintain a vibrant business district and attract new investment, even in the face of changing retail trends that have impacted legacy big-box stores.