Von Maur Incentive Agreement Continues Supporting Mall
Orland Park village (pt.)City · IL- Disclosed value
- Approximately $20–$25 million in private investment; incentives include up to ten years of tax abatements and sales tax sharing (amounts not specified)
- From minutes
- Document date
- Jun 24, 2026
- Renews
- Free account
The 30-second brief
Orland Park’s 2019 economic development agreement with Von Maur at Orland Square Mall provides up to ten years of property tax abatement and sales tax sharing to support a $20–$25 million private investment. The pact, which includes permit fee waivers and clawback protections, was structured to help stabilize the mall after the loss of former anchor tenants.
Von Maur holds this financial services contract with Orland Park village (pt.). Its other public contracts on record include work for Brookfield Police Department and Town of Balance of Brookfield.
The renewal date is on record. A free account shows it, with the renewals for every Orland Park village (pt.) contract.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Approximately $20–$25 million in private investment; incentives include up to ten years of tax abatements and sales tax sharing (amounts not specified)
- Document date
- June 24, 2026
- Term
- Maximum ten-year incentive term (tax abatement and sales tax sharing)
- Renews
- Free account
- Vendor
- Von Maur
- Source document
- Village of Orland Park Meeting Minutes ORACLE Special Meeting 2026-06-24 (Minutes)
Von Maur's other public contracts
More Orland Park village (pt.) contracts
Questions about this contract
Who was awarded the financial services contract by Orland Park village (pt.)?
Von Maur was awarded this financial services contract by Orland Park village (pt.), as recorded on June 24, 2026. The contract value is Approximately $20–$25 million in private investment; incentives include up to ten years of tax abatements and sales tax sharing (amounts not specified).
How much is the Von Maur contract with Orland Park village (pt.) worth?
The Von Maur contract with Orland Park village (pt.) is valued at Approximately $20–$25 million in private investment; incentives include up to ten years of tax abatements and sales tax sharing (amounts not specified), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Village of Orland Park Meeting Minutes ORACLE Special Meeting 2026-06-24 (Minutes), dated June 24, 2026 from Orland Park village (pt.). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Von Maur hold?
Von Maur may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Orland Park village (pt.) currently buying?
Explore Orland Park village (pt.)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.