We are pleased to share the Forest Preserve District of Cook County’s newest land acquisition plan. This plan was developed over the past year with input from a special Land Acquisition Advisory Committee made up of leaders from government and non-profit organizations as well as real estate and finance experts. Local planners and park managers were also interviewed to get their ideas about land acquisition opportunities.
Earlier this summer, the District issued its first General Obligation Alternate Bonds in 8 years, resulting in roughly $25 million in new funding for land acquisition. These funds will be used to make strategic land acquisitions to fill the gaps in our greenway and trail system, protect the best of our remaining natural land and expand opportunities for outdoor education and recreation. This updated Plan will help guide this investment.
The current buyer’s real estate market will help us stretch our acquisition dollars. Making use of partnerships and strategic acquisitions we hope to come closer to reaching our statutory limit of 75,000 acres in the next ten years.
Click here to view the plan