Chicago City Mayor's Office issued the following announcement on May 22.
"The Obama Presidential Center will be a powerful economic, educational and cultural engine for Chicago. It will be a living testament to the historic life and legacy of Barack and Michelle Obama, and a beacon of hope to inspire young people from all walks of life who will follow in their formidable footsteps. With today's vote, the vision for the Obama Presidential Center came closer to becoming a reality on Chicago's South Side."
Original source can be found here.