Bidding for Obama`s presidential library set to begin - FOX 10 News |

Bidding for Obama`s presidential library set to begin

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CHICAGO (FOX 32 News) -

The bidding war for President Obama's presidential library is expected to formally get underway next week. There is speculation it could be built here in Chicago, New York or Hawaii.

The Illinois' House Speaker and Democratic party chair introduced legislation Tuesday afternoon that would fund the building of a presidential library.

Michael Madigan's plan is co-sponsored by Chicago Democratic Rep. Monique Davis. It would devote $100 million in state capital funding for the construction of the library and museum, beginning in July.

Madigan said it's important that Illinois makes a strong financial commitment to honor Obama, the first black president and a former state senator.

According to the National Archives, the president selects the location of his presidential library. Proposals are submitted by interested locations.

The competition to host the presidential library has already set off infighting in Chicago.

No fewer than six potential Chicago bids have emerged, each backed by different interests.

The Associated Press contributed to this report.

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