Obamanation Situation Gets Worse

Chicago is going to have a shitload fewer minority contractors around after 2026:

• The Obama Presidential Center was billed as a lasting legacy to former President Barack Obama, and its construction was touted as an ambitious model built with aggressive goals for minority-owned and local businesses.

  But now, some of the very subcontractors who helped build the 19.3-acre campus on Chicago’s South Side say they are facing financial ruin as they race to recover millions of dollars they claim remain unpaid ahead of the center's grand opening Friday. Overall construction costs were reported to be $830 million in 2021, and have likely climbed past the $1 billion mark.

  A Fox News Digital investigation identified multiple construction firms claiming losses ranging from hundreds of thousands of dollars to tens of millions. The allegations cut against one of the Center's defining goals: helping minority-owned businesses and local contractors grow through one of Chicago's highest-profile construction projects. Several of the complaints reviewed by Fox News Digital come from firms that were supposed to benefit from that mission. 

And that maintenance fund? 

• The allegations emerge days after a Fox News Digital investigation reported that the Obama Foundation’s reserve fund — originally promoted as a $470 million financial safeguard intended to help protect taxpayers if the project encountered financial trouble — remains funded at roughly $1 million. 

So that $469 million shortfall will likely be eaten by Chicago....which is broke.

We're told it's even worse than people realize. 

• every single contractor has been stiffed to some extent so far....100%

Did you see the list of attendees?  A whole lot of "formers" listed at that link.

So where is current governor Newscum? Oh, he canceled. Current governor Hochul?  Canceled. Corey Booker? Hakeem Jeffries? Canceled. 

We heard that of the over 120 invited politicians, over 80 canceled, almost like they don't want to be seen at something that's going to turn out to be a campaign issue - namely bankrupting companies full of UNION workers who usually vote in lockstep with leftist politicians.