From Newsgroup: alt.home.repair

Obama CenterrCOs Promised $470 Million Safety Net Still Missing as
Contractors Claim TheyrCOre Owed Millions Ahead of Grand Opening

Concern is mounting that Chicago taxpayers could be left holding the bag
if the Obama Presidential Center runs into financial trouble, as the
Obama Foundation has yet to establish the promised $470 million safety
net designed to guard against a public bailout.

The scrutiny comes as a Fox News investigation reveals multiple
contractors and subcontractors claiming losses ranging from hundreds of thousands of dollars to millions on the project. Some allege they remain locked in payment disputes and face financial ruin just days before the centerrCOs grand opening.

Under its agreement with the city, the Obama Foundation pledged to
create the fund, known as an endowment, as part of its 99-year deal to
take control of the publicly owned 19.3-acre section of Jackson Park for
a one-time payment of just $10.

The purpose of the fund was to ensure taxpayers would not be forced to
bail out the project if financial problems emerged in the future.

But despite years of fundraising and an estimated $850 million project
cost, reports indicate that only about $1 million has been deposited
into the promised reserve fund.

https://www.thegatewaypundit.com/2026/06/taxpayers-hook-obama-centers-promised-470-million-safety/


Maybe you lefty liberals could start a go-fund-me web page?


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