Obama Center’s $470M “Safety Net” a Sham? Taxpayers Face Millions in Risk as Subcontractors Go Unpaid

“The whole point of an endowment is to fund future expenses,” Epstein told Fox News Digital, adding that the endowment acts as a financial backup if future fundraising falls short.

“If the endowment hasn’t been filled, the building [could] fall into neglect, it then becomes a safety risk, and it turns out that nobody’s going to pay the bill,” Epstein said. “The city therefore, is going to have to assume additional obligations to make sure that thing is kept in place.”