According to the bid proposal submitted to the Barack Obama Foundation, building the Obama Presidential Library in Kakaako on the island of Oahu would create over $556 million in economic activity and generate 2,130 new jobs in the construction phase alone. The museum is expected to attract 330,000 visitors every year making it one of Honolulu's top five cultural attractions. David Lassner, the University of Hawaii President, stated, "Together, with our partners, we are proposing a vibrant institution that will explore the legacy of the 44th presidency, forge collaborative solutions to global problems and cultivate a new generation of leaders that will make lasting change."
The Hawaii Community Development Authority has offered to set aside 8 acres of land in Kakaako to host the Obama Presidential Library, interactive museum, visitor center, and presidential archive. Most of the fundraising would be accomplished by the Barack Obama Foundation, leaving the state to pay for maintenance and upkeep. The long term financial benefits could be quite large as the Clinton Presidential Center in Little Rock, Arkansas has already brought in an estimated $2.5 billion in economic development to the city since construction began in 2001.
Source: Honolulu Star Advertiser, 6-17-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
