Anderson Economic Group Work

Early cost estimate for Obama Presidential Center: $675 million

On Thursday, the Obama Foundation released the economic impact assessment to underscore how the Obama Center in Jackson Park will generate thousands of jobs — from internships to careers — and millions in spinoff tax dollars from linked developments each year to benefit the South Side, the state of Illinois and Cook County.

Groundbreaking is expected sometime next year with the Center to open in 2022.

That’s when the surrounding neighborhood will see tourists, expected to number between 625,000 to 760,000 on a long-term basis, but with even higher numbers in the beginning. An Anderson Economic Group study released in May 2014 done for the University of Chicago put the estimate at 800,000 visitors each year.

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