Obama stiffs contractors on Presidential Center for millions of dollars.

[westwall]

Sounds like they are two peas in a pod.

Except Trump actually builds stuff.

 

[Moonglow]

Hey stupid, Barry Hussein isn't paying anyone.

Please try to keep up.

Defection fail!

He sounds like a Trump for sure then.

 

[Moonglow]

Except Trump actually builds stuff.

Donald Trump paid a $1.375 million settlement in 1998 to resolve a long-running class-action lawsuit involving 200 undocumented Polish laborers. The laborers cleared the site for the construction of Trump Tower. [1]

 

[Nostra]

He sounds like a Trump for sure then.

Another deflection fail, Trollglow.

 

[Nostra]

Donald Trump paid a $1.375 million settlement in 1998 to resolve a long-running class-action lawsuit involving 200 undocumented Polish laborers. The laborers cleared the site for the construction of Trump Tower. [1]

1998?

 

[IDIOCRACY]

Obama is nothing more then a con artist

Best they come. I know the type, his ability is 1st rate con

 

[jotathought]

Looks like this whole thing is a sham. Not paying contractors, and not funding promised endowment fund to run the thing.

Looks like Obama is gonna screw the taxpayers again. This is nothing more than a slush fund for Obama worshippers.







Obama Presidential Center's $470M safety net under scrutiny as subcontractors say they're owed millions
Foundation says it plans 'significant investments' in coming years, but contractors allege they face financial ruin

Concern is mounting that taxpayers could be left holding the bag if the Obama Presidential Center runs into financial trouble, as the foundation behind it has yet to establish a promised $470 million safety net to guard against a public bailout.

The scrutiny comes as a Fox News Digital investigation found multiple contractors and subcontractors claiming losses ranging from hundreds of thousands of dollars to millions on the project, with some alleging they remain locked in payment disputes and face financial ruin just days before the center's grand opening.

Under its agreement with the city, the Obama Foundation pledged to create the fund, known as an endowment, as part of its 99-year deal to take control of the publicly owned 19.3-acre section of Jackson Park for a one-time payment of just $10.


Fox News Digital previously reported that the foundation had deposited just $1 million into the reserve fund in 2021 and that the balance remained largely unchanged in its most recent publicly available filings.

Concerns about the center’s financial state have raged for years, especially since construction delays and costs have ballooned from an original estimate of roughly $330 million to at least $850 million based on 2021 figures. An updated final projected cost has not been made public.



Endowment concerns

"One of their core promises was they were supposed to create an endowment as basically an insurance policy so the taxpayers wouldn’t get stuck with the bill," Illinois GOP Chair Robert Grogan told Fox News Digital outside the center last week as worker vehicles entered and exited the center.

"They promised hundreds of millions of dollars for it. It’s still sitting at the $1 million mark [where it stood] when they opened it up. So I don’t believe that they’ve kept that promise."

Obama Presidential Center's $470M safety net under scrutiny as subcontractors say they're owed millions

The Obama Foundation has yet to build a $470 million reserve fund meant to protect taxpayers, raising concerns as contractor payment disputes mount.

www.foxnews.com

Obama stiffed black contractors .. wtf? It's just like someone going into McDonald's for the Mc'Bama burger -- and the next person in line is expected to pay for it. Now that they fucked all these contractors, they expect volunteer help to run it, after paying a top Obama's Aid $750K.

What a crock of shit ..

 

[Nostra]

Obama stiffed black contractors .. wtf? It's just like someone going into McDonald's for the Mc'Bama burger -- and the next person in line is expected to pay for it. Now that they fucked all these contractors, they expect volunteer help to run it, after paying a top Obama's Aid $750K.

What a crock of shit ..

I still don’t understand all the talk about taxpayers having to foot the bill.

F that. This is on Barry.

 

[Nostra]

Donald Trump paid a $1.375 million settlement in 1998 to resolve a long-running class-action lawsuit involving 200 undocumented Polish laborers. The laborers cleared the site for the construction of Trump Tower. [1]

$1.3 million in 19098, huh? Dispute with illegals you say?

Barry Hussein and his Foundation pledged to fund this monstrosity. Last announced cost is $870 MILLION. Barry's Foundation has $1 million raised.

Looks like Barry owes $869 million. Lot's of black contractors gonna go broke because of Barry Hussein.

Glad you brought that up for comparison, Trollglow.

 

[Nostra]

Black contractors are going broke because Barry Hussein won't pay his bills.

Subcontractors say they’re owed millions, face financial ruin, after helping build Obama Presidential Center

Subcontractors claim millions in unpaid losses from Obama Presidential Center construction as the Chicago project prepares to open on Juneteenth.

www.foxnews.com

 

[struth]

Black contractors are going broke because Barry Hussein won't pay his bills.

Subcontractors say they’re owed millions, face financial ruin, after helping build Obama Presidential Center

Subcontractors claim millions in unpaid losses from Obama Presidential Center construction as the Chicago project prepares to open on Juneteenth.

www.foxnews.com

Con artist