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Report: Taxpayers Could End Up Footing the Bill for Obama Presidential Library (Center)
Breitbart ^ | 9/27/25 | Lowell Cauffiel

Posted on 10/18/2025 5:16:40 AM PDT by Libloather

Chicago taxpayers could be on the hook for hundreds of millions of dollars for the costly Obama Presidential Center after new tax filings show the Obama Foundation has only deposited $1 million into its promised $470 million reserve fund.

That’s the conclusion of an in-depth report by Fox News as it looked at what it described as a “sweetheart deal” to create the reserve fund “to spare taxpayers should the project ever go belly up.”

**SNIP**

He said that “the city never should have signed over the large section” of the park.

“They put a million dollars into a $400 million endowment, so it’s endowed. That gets you in jail as a securities matter,” Epstein told Fox Digital. “An endowment means that you have the money in hand. But they have nothing. … So, I regard this as something of a public calamity.”

“Without an endowment, they’ll have to scramble every year to cover $30 million in operating costs,” Epstein further explained. “The whole point of an endowment is to avoid that volatility.”

The Obama Foundation told Fox Digital that it will be making “significant investments in the endowment in the coming years,” claiming that raising money for the center has been one of its priorities.

“The Obama Presidential Center is fully funded, and it will open in the spring of 2026,” a spokesperson for the foundation said.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: chicago; hussein; library; predictable; taxpayers
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To: Right_Wing_Madman

It looks like a huge silo for pig and other feces


41 posted on 10/18/2025 9:08:21 AM PDT by laweeks (///)
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To: rdcbn1

Obama Foundation neglects Chicago taxpayers with funds sent to Tides group

https://www.washingtonexaminer.com/news/campaigns/presidential/3827728/obama-foundation-neglects-chicago-taxpayers-with-funds-sent-tides-group/


42 posted on 10/18/2025 9:13:20 AM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
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To: Cowgirl of Justice
Chicago taxpayers could be on the hook for hundreds of millions of dollars for the costly Obama Presidential Center after new tax filings show the Obama Foundation has only deposited $1 million into its promised $470 million reserve fund.

Not all of us...

43 posted on 10/18/2025 10:02:41 AM PDT by GOPJ (NO 'prizes' from Pulitzer, Nobel or Antifa - reject liberal filth. <P><I><B><big><center></B>)
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To: cpdiii
The architect should be prosecuted for public indecency for that ugly piece of concrete.

It might be ugly now, but just wait until it is painted in rainbow colors!

44 posted on 10/18/2025 10:41:27 AM PDT by Fresh Wind (Charlie Kirk: "If you strike me down, I shall become more powerful than you can possibly imagine")
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To: Libloather

Chicago taxpayers could be on the hook for hundreds of millions of dollars.

Stick ups are nothing new in Chicago.


45 posted on 10/18/2025 11:56:21 AM PDT by Vaduz
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To: PAR35
Gunports are visible in the picture in post 7. Look like maybe 20 or 30 mm weapons can be accommodated, not just .30 or .50 cal machine guns.

Give it a coat of black paint and the right (or wrong) entrance deco and it'll look like the head of the Mouth of Sauron. Appropriate.

46 posted on 10/18/2025 3:30:36 PM PDT by niteowl77
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To: Right_Wing_Madman
It looks like it was modeled after the NYC Metropolitan Correctional Facilittly
47 posted on 10/18/2025 3:40:42 PM PDT by CaptainK ("No matter how cynical you get, it is impossible to keep up” )
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