The post Obama’s Presidential Library Now Estimated To Cost Nearly $700 Million appeared first on American Lookout.
Obama’s presidential library has been on hold for a few years because activists in Chicago claimed it was going to ruin access to a public park.
The project is now back on track however and they expect to begin construction in the fall of 2021.
The cost has also gone up and the current estimate is $700 million.
FOX News reports:
Obama’s presidential library estimated to cost nearly $700M
The cost of former President Obama’s library in Chicago will be a bit heftier than initially anticipated.
Valerie Jarrett, president of The Obama Foundation, said during an interview with The Economic Club of Chicago last week that the informal presidential library will cost slightly “less than” $700 million – $200 million more than an initial estimate of $500 million.
“We are in the process of raising the capital for the building,” Jarrett