The estimated price tag for building former President Barack Obama 's presidential center in Chicago has reportedly soared to $850 million — nearly triple the original $300 million estimate first proposed when the project was conceived.

The Obama Foundation reported it had already spent more than $615 million on the Obama Presidential Center, which is located in Jackson Park on the city’s South Side , as of late 2024, the Chicago Tribune reported.

The center's projected costs have steadily grown over the years. The estimated budget hit $500 million when the design was unveiled in 2017, then jumped to $700 million in 2021, solely for construction costs, with the total estimated cost reaching $830 million , the Tribune reported.

The Chicago-based nonprofit now puts the final estim

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