May 12, 2015 - In a video statement released today by the Barack Obama Foundation, President Barack Obama announced that Chicago would be the home of  his presidential library.

Chicago , the city were President Obama began his political career, beat out two other finalist cities, Honolulu , Hawaii where the President was born and New York City were he attended Columbia University.

In the video posted on the Foundation's web site Obama said " All the strands of my life came together and I really became a man when I moved to Chicago."  The President added "the people there , the community, the lessons that I learned , they're all based right in this few square miles where we will now be able to give something back and bring the world back home after this incredible journey."

While the library will be located on the South Side of Chicago , it is yet to be determined whether it will be located in Jackson Park or Washington Park.