Obama Presidential Center Subcontractors Say They’re Owed Millions

Some claim they remain embroiled in payment disputes and warn that the financial strain threatens their businesses even as the center prepares for its grand opening, Fox News reported.

Under an agreement with the city of Chicago, the Obama Foundation committed to creating the endowment as part of a 99-year lease granting it control of a publicly owned 19.3-acre portion of Jackson Park.

In exchange for the long-term use of the property, the foundation agreed to make a one-time payment of just $10 and pledged that the endowment would help ensure taxpayers would not be responsible for future operating or maintenance costs associated with the site.