Taxpayers May Be Stuck for Millions in Obama Center Contractor Fees – Chicago Contrarian
“The City of Chicago approved the Obama Center under the requirement the foundation would raise a $470 million backup fund to pay for expenses that slipped under the radar so taxpayers would not have to pony. The fund is part of the 99-year deal to use the 19.3-acre Jackson Park in exchange for a token payment of $10. But so far, that $470 million fund has only been bankrolled to the tune of a mere $1 million.”

