Color me...
NOT surprised...
When the Obama Foundation snagged a sweetheart deal to build its beleaguered Obama Presidential Center in a Chicago public park, it pledged to create a $470 million reserve fund to spare taxpayers should the project ever go belly up.
But new tax filings show the foundation has only deposited $1 million into the fund and has not added to it in years, with critics saying the empty promise could potentially leave Chicagoans on the hook for hundreds of millions of dollars.
Under its agreement with the city, the foundation was required to create the fund, known as an endowment, to take control of a sprawling 19.3-acre section of Jackson Park — often described as Chicago’s Central Park equivalent — where the complex is now slowly rising.
Full article, HERE from Fox News.
And the overruns are already pushing the cost from $330 million to an estimated $800 million...
I wonder how much has been scraped off by ‘friends’ to fatten their wallets???
And the people of Chicago will end up footing the bill... sigh
It's Chicago, he's a Chicago machine politician; really, what would one expect?
They could, you know, turn it into a homeless shelter or something. Or ... Maybe sell it to the highest bidder ... although that would be more appropriate for his veep, I suppose.
But in the end, Illinois and Chicago wanted to claim him as their own, so, it's all theirs. I'm just glad I don't live there any more. (The state's pension catastropies-in-waiting was a big part of that.)
It's a perfect legacy of Obama's Presidency! Broke, Incomplete, Totally Corrupt, and 100% built on lies!