One thing, though, landing one is not a cheap proposition. Clinton's library cost $165 million. The George W. Bush Foundation raised more than $300 million for his. A law passed by Congress requires foundations to p;ace 60% of its cost in an endowment to offset the cost of maintenance once it opens.
Some think the cost of Obama's library could pass $500 million.
Whatever the cost, where there is a library, economic growth follows. Some of the libraries attract 200,000 to 300,000 visitors a year. That means tourism money. The Clinton library opened in a grungy part of town, but as a result there has been some $2 billion in new projects in the area.
A The Abraham Lincoln Museum and Library in Springfield, Illinois, is not part of the National Archives and owned by the state and has the highest attendance of all presidential libraries. Attendance has declined in recent years but it still attracts 300,000 visitors a year. Officials at the library figure it brings in about $24 million a year in revenue to the city.
A List and Locations of Presidential Libraries Next. --Cooter
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