Obama Presidential Center’s $470 Million Promise to Protect Taxpayers Appears Largely Unfulfilled
The Obama Foundation pledged a $470 million endowment to protect Chicago taxpayers from financial risk when building the Obama Presidential Center in Jackson Park. However, recent filings show only $1 million has been deposited, sparking significant criticism. This fund was a key condition of the 99-year lease, which gave the foundation control of public parkland…