The Barack Obama Foundation has announced that the Obama Presidential Library will be located in Chicago. The winning bid by the University of Chicago will see the library located on one of several sites in the South Side of the city.
The presidential library system was established by the Presidential Libraries Act of 1955 (codified as 44 U.S.C. 2112 – Presidential Archival Depository) and modified by the Presidential Libraries Act of 1986 (100 Stat. 495). For legal researchers, presidential libraries are primarily valuable as repositories of documents preserved pursuant to the Presidential Records Act of 1978 (codified as 44 U.S.C. 2201 et seq.).