Obama begins planning $500 million presidential library and foundation

Obama begins planning $500 million presidential library and foundation

[Ed. note: Priorities]

According to The New York Times, President Obama has assigned staff member Alyssa Mastromonaco to begin working on his presidential library and foundation – and the library and foundation will cost an estimated $500 million.

But Mastromonaco’s dreams apparently began to fade when President Obama’s chief advisor, Valerie Jarrett, got involved. According to the Times, “suitors from Mr. Obama’s home and adopted states — and even New York, where he lived for two years as an undergraduate — are expressing interest in landing the library.” Rahm Emanuel, Mayor of Chicago, wants the library to land in Chicago. And Tony Podesta, brother to new advisor John Podesta who just joined the administration from the Center for American Progress, says he’s going to help set up the library, too.

White House spokesman Eric Schultz said that the project “isn’t even at its inception yet.” Nonetheless, Mastromonaco is already using the West Wing to talk with donors to the potential library. And even Obama is getting involved – while not technically soliciting donations, the Times reported, “he has increased his outreach,” particularly toward the business community.

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