State debates taking on more debt over Obama Library

By WEEK Producer

State debates taking on more debt over Obama Library

March 7, 2014 Updated Mar 10, 2014 at 10:57 AM CDT

CHICAGO, Ill -- Illinois House Speaker Mike Madigan and Representative Monique Davis want to borrow $100 million to build the Obama Presidential Library in Chicago.

For Rep. Davis, it makes no sense for Barack Obama to locate his presidential library and museum anywhere but Chicago.

However, Davis and Illinois House Speaker Madigan will take no chances the prize might go elsewhere. They want the state of Illinois to borrow $100 million to build the Obama archives in one of several locations in Chicago.

Given the shaky financial state of Illinois, the proposal is raising some eyebrows.

"Speaker Madigan and I have put forth a major effort to show Washington that we are serious," said Davis.

"We're a state that is swimming in debt and I think people are naturally going to ask how you're going to pay for it," said State Rep. Jim Durkin.

Davis expects a vote on her bill in this session of the General Assembly.

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