REPORT: Obama’s Hideous Presidential Center is Going to Cost Chicago Taxpayers A LOT MORE Than They Were Told

REPORT: Obama’s Hideous Presidential Center is Going to Cost Chicago Taxpayers A LOT MORE Than They Were Told

Screencap of YouTube video.

In addition to being ugly, the new Obama presidential center is going to be a massive financial burden on the people of Chicago.

They were sold a bill of goods about how the center was going to bring tourism and revenue to the city, but not so much about the costs.

In this sense, it is a perfect monument to Obama’s legacy. Overpriced and based on lies, much like Obamacare.

FOX News reports:

Bureaucrats hide true price of Obama Presidential Center as taxpayers hit with infrastructure bill

Former President Barack Obama once declared that his presidential center would be a “gift” to Chicago, but taxpayers are on the hook for hundreds of millions of dollars in hidden costs related to the beleaguered project.

A Fox News Digital investigation shows taxpayers are now stuck footing the bill for surging public infrastructure costs required to support the project — and no government agency can provide an accounting of the total public cost, despite months of queries and FOIA requests…

When the project was approved in 2018, Obama pledged to privately fund construction of the expansive 19.3-acre campus in historic Jackson Park through donations to the Obama Foundation – a commitment that remains in place as the center’s construction continues to be privately financed.

But the extensive infrastructure required to make the campus operationally viable — including redesigned roads, stormwater systems, and relocated utilities — is publicly financed, and without those changes, the center could not function.

At the time, projections placed public infrastructure costs at roughly $350 million, split between the state of Illinois and the city of Chicago.

Eight years later, the Illinois Department of Transportation (IDOT) told Fox News Digital that approximately $229 million in infrastructure spending was tied to the site, up from its earlier estimate of roughly $174 million.

The $229 million figure reflects state-managed spending, which may include federal transportation funds routed through IDOT.

The report goes on to state that the agencies which are supposed to be overseeing the accounting on the project are not being upfront with taxpayers and are providing ‘estimates’ of ongoing costs.

Everyone knows what that means in the long term.

Good luck Chicago, you’re going to need it.

The post REPORT: Obama’s Hideous Presidential Center is Going to Cost Chicago Taxpayers A LOT MORE Than They Were Told appeared first on The Gateway Pundit.

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