Barack Obama chooses Chicago for presidential library

Prestige project expected to bring $220m in annual economic activity to city’s south side
CHICAGO, IL - MAY 20: U.S. President Barack Obama arrives at the NATO summit at McCormick Place on May 20, 2012 in Chicago, Illinois. As sixty heads of state converge for the two day summit that will address the situation in Afghanistan among other global defense issues, thousands of demonstrators have taken the streets to protest. (Photo by John Gress/Getty Images)

President Barack Obama has chosen the south side of Chicago as the site for his presidential library, ending more than a year of jockeying between the Windy City, New York and his birthplace, Hawaii, to win the prestige project.