TAXPAYERS ON THE HOOK? Obama Center’s Promised $470 Million Safety Net Still Missing as Contractors Claim They’re Owed Millions Ahead of Grand Opening
Credit: ABC7 Chicago Concern is mounting that Chicago taxpayers could be left holding the bag if the Obama Presidential Center runs into financial trouble, as the Obama Foundation has yet to establish the promised $470 million safety net designed to guard against a public bailout. The scrutiny comes as a Fox News investigation reveals multiple contractors and subcontractors claiming losses ranging from hundreds of thousands