When the Obama Foundation first unveiled plans for the Obama Presidential Center — a sweeping, $850 million complex in Chicago’s historic Jackson Park — the project was sold as a gift to the city. It promised jobs, culture, and economic revival for the South Side, all without burdening taxpayers. Central to that promise was a $470 million endowment fund — a financial safeguard meant to ensure that, no matter what happened, Chicago residents wouldn’t pay a dime for maintenance or potential shortfalls. But nearly a decade after the city approved the plan, that promise appears largely unfulfilled. The Broken Promise…
Obama Presidential Centers $470 Million Promise to Protect Taxpayers Appears Largely Unfulfilled
