Barack Obama needs $1.5 billion for his presidential library and museum in Chicago. That’s 3 times as much as President George W. Bush’s! Well, his billionaire friends will take care of that.
From the New York Post’s :
Husband-and-wife architectural team Tod Williams and Billie Tsien noted that it will be difficult to raise such a huge sum because Obama scrupulously declined to do much fundraising while he was still in office.
The Obama Center is due to be so expensive because it will require the construction of both a presidential library and a museum about the lives of Barack and Michelle Obama. And federal requirements now stipulate that former presidents must have larger endowments to pay for annual operating costs at the libraries.
“It won’t be easy,” Williams said. “It’s not just about preserving the past. It’s about the future.”
The actual buildings were slated to cost $200 million. “But I told them it will cost $300 million,” Williams said.