Chicago To House Obama Presidential Library

It looks like the city of Chicago will get to claim the Barack Obama Presidential Library and Museum after all.

According to Crain’s Chicago Business, the University of Chicago has officially been informed of the decision that its bid to host the facility has been selected.

It’s not clear whether the proposed Washington Park site will be selected as the location that will house the building, but it will be on the city’s South Side. An announcement will be made the week of May 11. Jackson Park is an alternate site.

In addition to the University of Chicago, three other schools were being considered to house the library: the University of Illinois at Chicago, Columbia University in New York and the University of Hawaii. But U of C has long been a favorite, both because the president used the lecture at the university’s law school and because he started his political career as a community organizer on the South Side.

U of C’s heavy academic credentials coupled with a wealthy alumni base makes it a promising choice for raising some of the hundreds of millions needed to build and endow the facility.

The library is expected to create hundreds of jobs and hundreds of millions of dollars a year in economic activity.

Officials affiliated with the foundation have discussed the option of locating an ancillary facility possibly in Hawaii.