Obama fails to pay the help
The city should take a wrecking ball to that project which stiffs the little guy. But the Obama center knows that will never happen, so they do what they do, and too bad about the little guy.
After building an ugly, overprice, monstrosity marring the design of a famous Chicago park, anybody surprised to learn that the Obama Presidential Center has failed to pay the help?
Multiple little-guy contractors have told Fox News that they've been stiffed on the payments for their goods and services.
According to Fox News:
Concern is mounting that taxpayers could be left holding the bag if the Obama Presidential Center runs into financial trouble, as the foundation behind it has yet to establish a promised $470 million safety net to guard against a public bailout.The scrutiny comes as a Fox News Digital investigation found multiple contractors and subcontractors claiming losses ranging from hundreds of thousands of dollars to millions on the project, with some alleging they remain locked in payment disputes and face financial ruin just days before the center's 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.
Salaries and benefits soared from $18.5 million in 2018 to $43.7 million in 2024, as staffing expanded to 337 employees and annual revenue reached nearly $210 million.
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