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Illinois gives early OK to $100M for Obama museum

Published: Thursday, April 17, 2014 10:41 a.m. CDT • Updated: Friday, April 18, 2014 12:22 a.m. CDT
(M. Spencer Green)
FILE - In this Oct. 15, 2013 file photo, Chicago Mayor Rahm Emanuel speaks at a news conference in Chicago. Late Monday, March 31, 2014, Emanuel proposed to raise property taxes while increasing the amount of money city workers contribute to their retirement as a way to cut about half of the city's pension debt. (AP Photo/M. Spencer Green)

CHICAGO – An Illinois House committee has advanced a plan to devote $100 million in state funds to help bring President Barack Obama's presidential museum and library to Chicago.

The committee voted unanimously Thursday following a hearing in Chicago.

Chicago Mayor Rahm Emanuel was among several officials who spoke in favor of the funding.

He says the money would return dividends "well beyond" $100 million. Emanuel also says the funding would be a fitting way to welcome Obama back to his hometown.

Several Chicago sites — most on the city's South Side — want to become home to the library and museum. Hawaii and New York also are vying for it.

A spokesman for House Speaker Michael Madigan says the Legislature still must determine a source for the funding.

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