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Breakdown of the $44 Million Spent So Far on Village's Triangle Redevelopment Project

Orland Park is poised to recoup part of those costs and is expecting a large influx of private investment once finished.

As of June 30, 2011, the had spent $44,315,758 on the .

This amount has gone towards acquisition of land, legal fees, construction of the Metra Station and more, according to records released by the village’s finance department.

It breaks down as follows:

Land Acquisition

$18,403,470

Metra Station (including engineering)

$3,403,207

SW Highway Improvements/Parking

$5,553,242

Infrastructure Improvements

$13,095,306

Professional Services

$1,044,830

Miscellaneous

$8,088

Bond Interest/Paying Agent Fees

$2,807,615

Expenses listed under the miscellaneous and professional services categories mostly include legal fees, the publishing of legal notices, conference calls and supplies for the grand reopening of the 143rd Street Metra Station, Village Finance Director Annmarie Mampe said. Infrastructure improvements include work on 142nd Street and the detention pond, she said.

Of the nearly 80 vendors that reportedly earned more than $10,000 between 2005 and 2010 on this redevelopment project, several of which earned more than $1 million:

LR Contracting Company (construction)

$10,921,713

Near North National Title (title insurance)

$9,991,676

George Allen Construction Co. (construction)

$5,105,743

Cook County Treasurer (land acquisition)

$3,088,070

McDonough Associates (construction)

$1,234,783

(See the documents attached to this article for more details about vendors and expenses. Please note that the 2010 TIF report is in the process of being amended. On page 3, the $19 million listed for “Land/Building Sale Proceeds” and the $750,000 for “Bond Proceeds” should be moved one item lower, respectively. The village made $19 million in bond proceeds and transferred $750,000 in 2010.)

Ninety 7 Fifty On the Park, a luxury mixed-use apartment building that is the first of several projects within the land, is expected to .

Village staff is anticipating (see page 10 of 2010 report) that the project, once completed, could catch $120 million in private investment, from the construction of a restaurant, coffee shop or grocery store, for example.

“It’s a vision of what we want,” Mampe said. “It could be less or it could be significantly more.”

Depending on the success of the project, the village could recoup some of the $44 million incurred thus far, according to the village’s agreement with developer Flaherty and Collins Properties. Mampe estimated the village could recoup about $9 million.

More Info: Check out Patch's , a hub for key coverage of Orland Park's largest development project.

Political Watch Dog September 12, 2011 at 12:36 PM
Now Ben follow the donations that these people and companies made. Mc Donough is one of the largest donors to McLaughlin and Maher. Now all residents of Orland can figure out why Mayor Dan wants this project. The more we ( the village ) spends the more comes back to him.
Paul September 12, 2011 at 01:10 PM
Great time to invest in our future !! as long as we keep transparency it should look to be a great asset to our Village!! We should be able to get some very competitive bids at this point!! I went to school down in Carbondale and we increased the sales tax to help be a donor to the university to build a new athletic complex!! Turning out to be one of the greatest moves the town has ever made sales tax revenues are way up from the draw of more people coming to the town for games and tailgate etc.. I realize 2 completely different types of situations but in this time were everyone thinks its bad to take a risk we have an opportunity, this has the ability to be a big draw for the village, we need more successful developments !! Let’s be smart about it but move full steam ahead!! God bless this Village for looking to the future and knowing this is a great move!!
paul cervenka September 12, 2011 at 01:53 PM
The costs associated with the fire district make 9750 look like a parking lot poker game. Check the similarities (people) involved with both. 63 million $ is chump change. That would just cover the new hires they want. Were looking at a million a week in the not to distant future ! You've been ripped off for hundreds of millions for years and now your concerned? Well, good morning everyone. God bless you all.
Megan James September 12, 2011 at 02:01 PM
Interesting enough, McDonough is involved in other Orland building projects. Here's a link from their own website on the OP Fire District's new building: http://www.maiengr.com/news/lnofpd.html
Carol September 12, 2011 at 04:26 PM
Message to Paul...and what was your sales tax in Carbondale? Orland was "lowered" to 9.25%, one of the highest in the state already. You can't charge our citizens more sales tax. Don't be delusional. The state of Illinois is one of the most expense states in the Union and taxes are rising. This is the worst possible time to take on an expensive project like this.

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