Posted on 08/19/2022 1:14:07 PM PDT by DUMBGRUNT
It doesn’t have the money it promised the city it would raise under a May 2019 master agreement for the Jackson Park property.
The Obama Foundation just released its annual report and 990 tax forms for 2021. Together they show that the Obama Presidential Center’s financial foundations are as rickety as its physical ones. The Foundation’s 2020 annual report exhibited some financial candor, estimating that $300 million in annual donations for four straight years would be necessary to meet all future construction and operating costs. The 2021 return revealed that the foundation had raised only $159 million, about 8% less than it raised in 2020. Those dollars must pay for all foundation activities, including payroll, fundraising, public relations, and scholarship and grant programs.
The foundation’s failure to meet these two conditions meant that the 2021 property transfer should never have happened.
ny private developer would have to prove this, especially for a project affecting such a substantial piece of publicly owned park land in the center of a major U.S. city. Construction should be paused until the foundation proves it is complying with the key terms of the master agreement. If we are correct, it should never have broken ground.
(Excerpt) Read more at wsj.com ...
Barak and Moochelle now live in a $11.75 million estate in elite Martha's Vineyard.
It's on 29 acres. The house has 7 bedrooms and eight and a-half bathrooms....and, of course, a luxurious pool with spa accouterments.
Look up photos of the exterior and interior of his mansion.....it'll blow your mind!
Not bad for a former political-street-hustler who, back in the day, plied the murky crime-ridden slums of Chicago's South Side for a living.
Leni
Hi lovely Lady.
You do know Cook county politics.
Do you think the entire project will go up in smoke and the insurance companies left holding the bag?
Poet justice for a grifter(s).
5.56mm
The Grifters have HUNDREDS of MILLIONS....let him pay up!
This should mean that all the ‘documents’ now in storage should be returned to the National Archives.
They also own homes in Hawaii and Chicago.
Yeah, but in a few short years sea levels will rise so much, the whole estate will be under water! How could 'bama have been so stupid as to pay $11.75 million to live so close to the ocean? 😏
Folks, read his # 46 !
But you also nailed a serious point, i.e., the utter and sickening hypocrisy of the moneyed elite leftists....and their motto "Do as I say, not what I do".
Leni
Also notice the total absence of solar panels and windmills! His 'backup' power is propane! But don't look for a tank in the photos - it is buried, where we can't see it; besides, it would be such an eyesore.
Hypocrisy? !
As in too close to the lake or river?
Shades of “Ghost of Kiev “ .....I suppose it’s now the “Spear chucker of Karkov”?
The latest media darling to bolster the western spirits in an increasingly pitiful drive to prop up the corrupt money laundering regime that is Ukraine.
Woops, fat fingered it. Should have has my coffee and a cigarette first.
OR — The Obamas can sell their oceanfront mansion and any other property they own.....................
They cut down several 100 yo trees to make room for it.
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