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The Nexus
BUSINESSJun 13 · 21:17 UTCFOX NEWS

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

The Obama Presidential Center's promised $470 million safety net to prevent taxpayer liability remains unfunded, with only $1 million deposited as of 2021. Contractors and subcontractors report being owed millions in unpaid bills, raising concerns about financial instability ahead of the center's opening. Critics argue the underfunded reserve fails to protect against potential future costs.

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