Obama Presidential Center's $470M safety
net under scrutiny as subcontractors say
they're owed millions
Fox News,
by
Michael Dorgan
Original Article
Posted By: ConservativeYankee,
6/14/2026 5:24:57 PM
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
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Reply 1 - Posted by:
Strike3 6/14/2026 5:30:31 PM (No. 2116611)
Don't bother Barry, he's too busy defending his JCPOA and claiming that it was a great deal that he and ValJar sealed with Iran. He may have to sell one of his homes because nobody out here is willing to pay for that ugly piece of Shiite that was built for him.
18 people like this.
Reply 2 - Posted by:
earlybird 6/14/2026 5:47:29 PM (No. 2116615)
Uh oh...NoPay? Kaboom..
14 people like this.
Reply 3 - Posted by:
DVC 6/14/2026 5:59:06 PM (No. 2116618)
They will never get paid.
27 people like this.
Reply 4 - Posted by:
Cindiana 6/14/2026 6:01:12 PM (No. 2116621)
Organize picket lines. And don't forget those gigantic rat inflatables the union guys love to use.
Heck, I'll bet the locals who live in the shadow of that concrete monstrosity would enthusiastically join in.
23 people like this.
Reply 5 - Posted by:
chance_232 6/14/2026 6:34:02 PM (No. 2116631)
Why would anyone be surprised by this? There hasn't been a non-grifting math literate democrat in decades. Your not supposed to expect payment, unless your delivering votes.
25 people like this.
Reply 6 - Posted by:
WhamDBambam 6/14/2026 6:34:14 PM (No. 2116632)
The poor babies appear shocked at the prospect of democrats not paying their bills.
20 people like this.
Reply 7 - Posted by:
Venturer 6/14/2026 6:34:55 PM (No. 2116633)
Obama used minority contractors and now he is stiffing them.
To me that is somewhat humorous.
42 people like this.
Reply 8 - Posted by:
Luandir 6/14/2026 6:53:44 PM (No. 2116644)
"If?"
10 people like this.
Reply 9 - Posted by:
mifla 6/14/2026 7:11:32 PM (No. 2116649)
The Clintons didn't pay their (legal) bills either.
27 people like this.
Reply 10 - Posted by:
3XALADY 6/14/2026 7:25:54 PM (No. 2116656)
Raise your hand if you are surprised. They are democrats. Always ready to call on Uncle Sugar to bail them out.
17 people like this.
Reply 11 - Posted by:
mc squared 6/14/2026 7:26:23 PM (No. 2116657)
Oh, no. Don't the contractors know who HE is? Why take the job.
14 people like this.
Reply 12 - Posted by:
3XALADY 6/14/2026 7:26:40 PM (No. 2116658)
#4 You mean the ones who lost their beautiful 20 acre park?
22 people like this.
Reply 13 - Posted by:
JimBob 6/14/2026 7:26:58 PM (No. 2116659)
Lead sentence correction. The words in parentheses should replace the words immediately preceding them.
"Concern is mounting that taxpayers could (will) be left holding the bag if (when) the Obama Presidential Center runs into financial trouble,"
BOHICA!
Bend Over -Chicago Taxpayers- Here It Comes Again!
You didn't think that Zero's band of crooks would actually PAY for the work you did, did you? Come on!, You're Smarter than THAT!
All the money disappeared down 'Rat holes, into the pockets of ValJar and the other Crooked Cronies!
YOU, the Working Stiffs, are -and will be- STIFFED Again!
16 people like this.
Reply 14 - Posted by:
BeatleJeff 6/14/2026 7:52:43 PM (No. 2116674)
Stiffing contractors. Isn't that what they accuse Trump of doing? More projection going on here!
14 people like this.
Reply 15 - Posted by:
volksford 6/14/2026 7:58:59 PM (No. 2116677)
No surprise here the PROGRESSIVE tribe only spends someone else's money
11 people like this.
Reply 16 - Posted by:
snowoutlaw 6/14/2026 9:53:35 PM (No. 2116697)
If taxpayers have to bail it out we should turn it into a homeless shelter.
11 people like this.
Reply 17 - Posted by:
seamusm 6/14/2026 10:55:53 PM (No. 2116713)
Since when did the public guarantee to pay for his library?
8 people like this.
Reply 18 - Posted by:
DVC 6/14/2026 11:13:09 PM (No. 2116719)
Start drilling for the demolition charges.
Do the world a favor and turn this eyesore into rubble.
8 people like this.
Reply 19 - Posted by:
JimBob 6/15/2026 1:00:38 AM (No. 2116740)
#14, agreed that's what the lying 'Rats accuse President Trump of doing.
Of course they are 'projecting' their behavior onto him.
On the truthful side of the ledger, I recall reading a story about Donald Trump the billionaire real estate developer.
It seems that Trump had contracted some big outfit for some big construction job.
They in turn subbed out some of the work to much smaller firms.
One of the small construction guys completed their job, but the paperwork machinery at the big contractor was slow, and the guy did not get paid for -a while.
The guy called Donald Trump directly, late on a Thursday evening, and explained that he was in a bind, he could not pay his workers because he did not get paid by the big contractor.
FIRST THING THE NEXT MORNING a courier arrived at the small contractor with a personal check from Mr. Trump for the full amount. The small contractor was able to pay his guys THAT DAY, and they in turn were able to buy groceries and their families and kids could eat.
THAT told me a LOT about the kind of guy Donald Trump IS!
11 people like this.
Reply 20 - Posted by:
john56 6/15/2026 1:34:40 AM (No. 2116743)
Long ago, I was told that you should never offer credit to politicians and political campaigns. Cash up front only if you want to get paid.
I was told that Humphrey's 1968 campaign still owes hotel bills at the San Antonio Hilton.
6 people like this.
Reply 21 - Posted by:
5 handicap 6/15/2026 6:01:28 AM (No. 2116777)
Please don't tell me you expected Honesty and Integrity from this group! The ONLY "true" thing Obama ever promised was, that there will be change... Then he set about to DESTROY America and did a bang-up job of that!
God Damn his evil soul to the Hell he so richly deserves!
5 people like this.
Reply 22 - Posted by:
Strike3 6/15/2026 6:13:12 AM (No. 2116782)
If I were a homeless bum I would prefer sleeping on the sidewalk to going inside that thing. It will probably fall into itself in a few years given how it was built and for whom it was built. I can think of an alternate use for it, a picture on a redesigned book cover for George Orwell's 1984.
5 people like this.
Reply 23 - Posted by:
JHHolliday 6/15/2026 9:10:30 AM (No. 2116871)
Looks like the Chicago lawyers are going to have to enlarge their waiting rooms. There is going to be litigation going on for years because of this debacle. And that awful building will be an eyesore for decades to come unless it collapses from shoddy work.
1 person likes this.
Reply 24 - Posted by:
paral04 6/15/2026 9:51:04 AM (No. 2116897)
Obama has a huger ego than I thought. All that money for an ugly project. But, to think about it have does like ugly. Look who he is married to.
1 person likes this.
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