Prepared for the Cook County Bureau of Finance, the Site Atlas is the recommendation document from Putting Assets to Work (PAW) Phase 2. It identifies 22 priority opportunities across the County's real estate portfolio that can generate revenue without selling assets, sized to complement the active County workstreams identified through the Phase 2 records review.
Every revenue figure in this Atlas is lease income to the County as landowner, not income from the County building, buying, owning, or operating anything. A private partner finances, builds, and operates the improvement; the County leases the land and keeps it. Ground rent is set the way an appraiser would: land value from comparable sales, then a market ground-lease rate of about 6 to 8 percent of that value. For the marquee joint-development sites the County can go beyond flat rent to participation rent or an equity stake (the Harrison Square model) to capture upside while still retaining ownership.
Verified every input sourced to a named current document, arithmetic checked, citable externally. Estimated inputs sourced but one or more required extrapolation; usable for planning. Illustrative directional only; one or more inputs unverified or jurisdiction-unconfirmed. Shows order of magnitude, not a finding.
Three portfolios are organized by asset type and revenue model:
Ten priority redevelopment sites organized by Stage 1 to 3 time-to-revenue. Each is a parcel-level recommendation that leads with the annual lease revenue to the County, with land value, Revenue Resiliency score, and policy alignment. Several carry a layered solar revenue stream on the same parcel.
Ten solar canopy and EV charging opportunities sized to complement active County solar workstreams identified through the records review. Two revenue buckets: utility bill savings to operating departments and additional ground lease plus EV County share revenue to the Bureau of Finance.
Five monetization plays that generate revenue without selling or developing land: air rights, telecom licensing, billboard licensing, and parking yield management. Combined potential of additional recurring revenue plus a possible one-time air rights sale.
Each tab is a self-contained portfolio with its own priority list and methodology. The Overview tab shows the framework and a portfolio snapshot of all 25 opportunities. Each site card includes a parcel map, revenue numbers, methodology, and what we still need to verify in Phase 3. Every multiplier in the revenue numbers traces to an active public source.
A few of the priority sites in this Atlas are active County workstreams, not net-new PAW finds: the Oak Forest Campus (Bureau of Asset Management), the Illinois Medical District garage and 1800 W Harrison cluster, and the DOC / Little Village campus. These are included and clearly tagged as active workstreams because PAW adds something specific to each: the deal structure and the timing. PAW recommends a ground lease with a participation or equity component, set before each developer selection or RFP locks the terms. Genuinely excluded are workstreams where PAW has nothing to add: the County's 28 already-executed solar projects, the JTDC parking rebuild, and the Cicero Records Center solar already in the 2020 Clean Energy Plan.
Sites where the math is too speculative to defend are flagged with a Low Confidence rating and explicit Phase 3 verification needs. The Rights-Based portfolio includes one such opportunity (R01 Cook County Building Complex air rights) where the dollar values are directional pending a parcel-specific zoning analysis.
Quick-reference tables for the three portfolios, ordered fastest-to-activate. Click any site number to jump to its full card. Revenue figures are lease income to the County as landowner.
| Site | Name | Stage | Asset Type | Acres | Land value (mid) | Est. ground rent | RRI |
|---|---|---|---|---|---|---|---|
| Site 01 | Logan Square Health Center | Stage 1 | Real Estate Development | 0.18 ac | $325K | $20K-$26K/yr | 3.60 |
| Site 02 | Lansing Torrence Interchange | Stage 2 | Real Estate Development | 11 ac | $4.95M | $297K-$396K/yr | 4.20 |
| Site 03 | S Woodlawn Pullman Corridor | Stage 2 | Real Estate Development | 3.6 ac | $1.46M | $88K-$117K/yr | 4.20 |
| Site 04 | Markham WFH Interlocal Corridor | Stage 2 | Joint Development | 25 ac | $6.25M | $375K-$500K/yr | 4.10 |
| Site 05 | Maywood Maybrook Cluster | Stage 2 | Real Estate Development | 18.5 ac | $4.80M | $288K-$384K/yr | 3.40 |
| Site 06 | Oak Forest Campus Master Plan | Stage 3 | Joint Development | 343 ac | $20.20M | $1.21M-$1.62M/yr | 4.00 |
| Site 07 | 1800 W Harrison IMD Cluster | Stage 3 | Joint Development | 19 ac | $3.63M | $218K-$290K/yr | 3.50 |
| Site 08 | Little Village / DOC Campus | Stage 3 | Joint Development | 160 ac | $32.00M | $1.92M-$2.56M/yr | 3.20 |
| Site 09 | 3050 S Sacramento Split-Use | Stage 3 | Joint Development | 3.0 ac | $1.10M | $66K-$88K/yr | 2.10 |
| Site 10 | Thornton Unincorporated R4 Pair | Stage 3 | Real Estate Development | 4.6 ac | $345K | $21K-$28K/yr | 1.70 |
| Site | Name | Net new County / yr | Avoided cost / yr | Solar capacity | Confidence |
|---|---|---|---|---|---|
| E01 | Skokie Courthouse Surface Lots — remainder | $79K-$93K | $290K-$434K | 2,000-3,000 kW | High |
| E02 | Bridgeview Courthouse Full Lot Canopy | $208K-$229K | $927K-$1.39M | 6,400-9,600 kW | High |
| E03 | Maywood Courthouse Surface Lots — remainder | $103K-$121K | $348K-$521K | 2,400-3,600 kW | High |
| E04 | Rolling Meadows 2115 W Euclid Surface Lot | $113K-$124K | $503K-$755K | 3,474-5,211 kW | High |
| E05 | Stroger Hospital Surface Lots | $68K-$89K | $116K-$174K | 800-1,200 kW | High |
| E06 | Lansing Torrence Highway-Strip + Atlas Vacant Parcels Bundle | $107K-$142K | $487K-$730K | 3,360-5,040 kW | Medium — interim revenue, displaced when Atlas RE projects activate |
| E07 | CCHD Vehicle Yards — 3 Districts | $48K-$62K | $319K-$478K | 2,200-3,300 kW | Medium — fleet model less precedented |
| E08 | Hawthorne Warehouse Rooftop Solar — Revival | $42K-$52K | $116K-$174K | 800-1,200 kW | High — PVWatts already done by County |
| # | Opportunity | Pathway | Annual revenue | One-time potential | Confidence |
|---|---|---|---|---|---|
| R01 | Cook County Telecom Master Lease Agreement Program | Telecom licensing | $250K-$520K / yr | Medium | |
| R02 | DOTH Right-of-Way Billboard Licensing Pilot | Billboard licensing | $150K-$700K / yr | Medium-High | |
| R03 | Cloverleaf Interchange Stacked-Revenue Pilot | Layered: billboards + cell tower + solar + truck parking | $200K-$400K / yr per pilot parcel | Medium | |
| R04 | Cook County Building Complex Air Rights | Air rights / FAR transfer | $1.00M-$3.00M / yr | $20M-$50M one-time | Low |
Each site is collapsible. Site 01 is open by default. Click a site name to collapse it and open another. The header band on every site shows the ground value range up top, with revenue layers for sites that can also activate a Stage 1 parking-canopy or licensing layer in parallel.
| PIN | Owner | Acres |
|---|---|---|
| 13-25-323-039-0000 | County | 0.066 |
| 13-25-323-040-0000 | County | 0.066 |
| 13-25-323-041-0000 | County | 0.066 |
| PIN | Owner | Acres |
|---|---|---|
| 29-25-404-039-0000 | County | 2.99 |
| 30-30-300-039-0000 | County | 3.4 |
| 30-30-301-033-0000 | County | 3.26 |
| 29-25-402-031-0000 | County | 1.43 |
| PIN | Owner | Acres |
|---|---|---|
| 25-14-200-003-0000 | County | 3.64 |
| PIN | Owner | Acres |
|---|---|---|
| 28-24-308-017-0000 | County | 8.23 |
| 28-24-324-001-0000 | County | 5.49 |
| 28-24-324-002-0000 | County | 2.89 |
| 28-24-305-046-0000 | County | 2.53 |
| 28-24-304-046-0000 | County | 2.51 |
| 28-24-301-042-0000 | City of Markham | 1.9 |
| 28-24-301-043-0000 | City of Markham | 1.86 |
| PIN | Owner | Acres |
|---|---|---|
| 15-14-210-021-0000 | County | 6.1 |
| 15-14-210-016-0000 | County | 5.3 |
| 15-14-210-022-0000 | County | 1.29 |
| 15-14-210-020-0000 | County | 1.1 |
| 15-14-209-021-0000 | County | 2.12 |
| 15-14-500-042-0000 | County | 2.57 |
| PIN | Owner | Acres |
|---|---|---|
| 28-22-100-001-0000 | County | 161.92 |
| 28-22-200-001-0000 | County | 82.05 |
| 28-22-201-007-0000 | County | 68.85 |
| 28-22-300-001-0000 | County | 24.44 |
| 28-22-201-006-0000 | County | 3.89 |
| 28-22-201-005-0000 | City of Markham | 2.23 |
| PIN | Owner | Acres |
|---|---|---|
| 17-18-403-003-0000 | County | 5.17 |
| 17-18-403-007-0000 | County | 2.59 |
| 17-18-403-004-0000 | County | 2.24 |
| 17-18-401-066-0000 | County | 0.98 |
| 17-18-401-068-0000 | County | 0.5 |
| 17-18-402-035-0000 | County | 0.61 |
| 17-18-402-025-0000 | County | 0.39 |
| 17-18-402-033-0000 | County | 0.24 |
| 17-18-402-034-0000 | County | 0.23 |
| 17-18-402-042-0000 | County | 0.21 |
| 17-18-402-041-0000 | County | 0.19 |
| 17-18-402-001-0000 | County | 0.18 |
| 17-18-402-032-0000 | County | 0.15 |
| 17-18-402-021-0000 | County | 0.1 |
| 17-18-403-005-0000 | CHDG Phase 1A1 (Hyatt Place hotel) | 1.74 |
| PIN | Owner | Acres |
|---|---|---|
| 16-25-401-014-0000 | County (DOC main) | 41.67 |
| 16-25-306-002-0000 | County (DOC Div III) | 40.6 |
| 16-25-306-001-0000 | County (DOC north) | 11.85 |
| 16-25-400-014-0000 | County (cleared) | 11.03 |
| 16-25-401-017-0000 | County (cleared) | 3.91 |
| 16-25-401-016-0000 | County (cleared) | 4.65 |
| 16-25-400-015-0000 | County (cleared) | 3.58 |
| 16-25-400-012-0000 | County | 4.49 |
| 16-25-400-040-0000 | BNSF Railway | 5.25 |
| 16-25-503-001-0000 | BNSF Railway | 0.21 |
| 16-25-501-003-0000 | BNSF Railway | 3.03 |
| 16-25-503-005-0000 | BNSF Railway | 0.77 |
| 16-25-500-001-0000 | BNSF Railway | 3.26 |
| 16-25-313-001-0000 | City of Chicago | 24.24 |
| PIN | Owner | Acres |
|---|---|---|
| 16-25-312-001-0000 | County | 2.97 |
| PIN | Owner | Acres |
|---|---|---|
| 29-34-200-001-0000 | County | 1.97 |
| 29-27-401-003-0000 | County | 2.62 |
Each site is collapsible. Site E01 is open by default. Click a site name to collapse it and open another. The value band at the top of each card shows the net new County revenue range with both the ground lease and EV County share figures called out explicitly.
Goes to the operating department whose utility bill drops (Courts, Sheriff, Health, DOTH). At calibrated $144.83 per kW per year (ComEd commercial rate × NREL PVWatts production; the Skokie Courthouse figure is pending BAM confirmation), the Top 10 portfolio could deliver $3.11M to $4.66M per year in utility savings.
Goes to the Cook County General Fund / Bureau of Finance. This is the ground lease ($5,000 per acre for canopy, $1,500 per acre for ground-mount per IL public benchmarks) plus the County's 30% share of EV gross revenue (typical operator-host split). $768K to $912K per year in additional dollars to the General Fund across the Top 10.
Both numbers are real. Both matter. They are different buckets going to different stakeholders.
Phase 1 of Putting Assets to Work named Rights-Based Assets as one of four asset types. Phase 2 surfaced five revenue paths in this bucket — air rights, telecom licensing, billboard licensing, surface parking licensing, and a cloverleaf interchange stacked-revenue pilot. Each is calibrated to public sources cited on the opportunity card and each complements an existing County workstream rather than overlapping with one. These are the new Rights-Based opportunities PAW is bringing forward.
Combined potential: $1.75M to $4.97M per year of recurring revenue, plus a possible $20.00M to $50.00M one-time air rights sale. Every revenue range is anchored to verifiable public sources cited on each opportunity card. R01 air rights carries a Low confidence rating pending parcel-specific zoning analysis.
The shortlist logic, the valuation math, and the defensibility standard for the whole Atlas, in one place.
Every parcel in the County's asset universe was carried through a six-layer screen. The sites that remain are the ones that cleared all six layers.
Each opportunity above has a per-site card with sources cited. Standalone workbook with full audit trail available separately. Every multiplier traces to an active public source.
Each opportunity card has its own methodology section with explicit math derivation and source citations. The summary below positions the four opportunities by defensibility.
| Opportunity | Confidence | Strongest anchor |
|---|---|---|
| R01 Air Rights | Low | No Chicago Loop FAR-priced transaction. NYC TDR comp ($300-$600/SF) discounted 70-85 percent for Chicago Loop. Phase 3: parcel-specific zoning analysis needed. |
| R02 Telecom MLA | Medium | Chicago broker benchmark $31K-$59K/yr per rooftop site. IL statute caps ROW small cell at $200/yr — small cells revised downward. |
| R03 Billboards | Medium-High | Chicago Expressway Digital contract (filed): $10M/yr floor across 60+ faces. Strongest anchor across all four. |
| R04 Parking | Medium | Industry benchmark per-space and operator-host split. No Cook-County-specific concession comp found. |
| R05 Cloverleaf Stacked Revenue | Medium | PAW Cloverleaf Options Memo (May 2026). Per-stream rates anchored to Lamar/Outfront/Clear Channel billboard cards, American Tower/Crown Castle MLA benchmarks, executed Cook County Constellation PPA, USDOT BUILD grant precedent. Density validated against LBNL utility-scale ground-mount benchmark (100-200 kW/ac). |