Barack Obama’s presidential library may need $1.5 billion

The Barack Obama Presidential Center in Chicago could require a $1.5 billion endowment, its architects say, three times what was raised for the George W. Bush Presidential Center in Dallas. Husband-and-wife architectural team Tod Williams and Billie Tsien noted that it will be difficult to raise such a huge sum because Obama scrupulously declined to do much fund-raising while he was still in office. -- More...