Obama Presidential Center Subcontractors Say They’re Owed Millions

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.

Advertisement 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

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.