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Tuesday, June 19, 2018

Obama-Land Fiasco Worsens - Chicago Taxpayers Now Face $224 Million Bill

The taxpayer bill for the Obama Center to be built on Chicago’s Southside now appears to be $224 million, not $172 million as initially reported, and it’s certainly not privately funded as initially promised.

And how many Chicagoans know they may be subject to a special property tax, in addition to those amounts, for the center?

The elements of that $224 million are described in a Washington Examiner article yesterday. We shouldn’t be surprised because funding was stuck into the new Illinois budget — over 900 pages presented to the General Assembly only hours before being voted on it. It’s only now being read closely.

My monthly article in Crain’s, written early last week, is a polite request to former President Obama to turn down public funding and raise the money himself. Scratch that. With more known and public anger rising, a demand is in order, and maybe the whole project should be scrapped.

The public has been bamboozled. To see why, you should first understand what’s nicely laid out in the federal lawsuit filed last month by Protect Our Parks, a not-for-profit.

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4 comments:

Anonymous said...

Not surprised. If Obama's name is on something......it's going to cost the taxpayer a lot more then they can even imagine.Sounds like the Obamacare deal. Nancy said you have to pass it to find out what is in it.
And yet she STILL has a job in government. The Dems must be so proud.

Anonymous said...

This expense is so ridiculous. We all know what he did when he was President - it's called nothing but make American worse. Now he wants a library to show us how he made it worse? BS, just plain old BS.

Anonymous said...

Build it in Kenya.

Anonymous said...

The Chicago taxpayers will get stuck with the bill, but Obama will retire gleefully in Hawaii. Suckers...…..