Obama Presidential Center Subcontractors Say They’re Owed Millions

“The fact that they have created this probably unsustainable edifice to an ego and then, eventually, if it goes under, who’s going to be caught with the bill time and time again?” he asked.

“It’s the taxpayers of the city, citizens of Chicago, and the state of Illinois.”

Richard Epstein, a law professor at New York University who has spent years legally challenging the project, stated that the reserve fund was designed to protect against this kind of uncertainty, Fox reported.

“The whole point of an endowment is to fund future expenses,” Epstein told Fox News Digital, adding that the endowment acts as a financial backup if future fundraising falls short.