Location for Barack Obama's presidential library has been determined

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Why Obama's Library Could Be Good (and Bad) for Chicago's South Side

The Obama Presidential Center has officially chosen its home: Jackson Park, in the heart of South Side, Chicago.

Much of the land Barack Obama's presidential library will occupy was once a part of the famous 1893 World's Fair.

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In more recent history, though, the region has faced issues with both poverty and violence. Jackson Park has been called a "neighborhood in economic transition," and the Chicago Tribune described it as "somewhat safe, not safe."

But those conditions were likely one of the reasons the president and first lady Michelle chose the site in the first place.

See photos of Barack Obama's recent visit to Canada:

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Barack Obama visits Canada
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Barack Obama visits Canada
U.S. President Barack Obama shakes hands with Canadian Prime Minister Justin Trudeau at Parliament in Ottawa, Canada, June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama greets children as he arrives on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama (C) stands with Canada's Prime Minister Justin Trudeau (R) and his wife Sophie Gregoire Trudeau after arriving on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama shakes hands with Mexican President Enrique Pena Nieto as they depart a news conference along with Canadian Prime Minister Justin Trudeau (R) at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Canadian Prime Minister Justin Trudeau (L) and U.S. President Barack Obama takes part in a press conference during the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama take part in a news conference during the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
(L-R) Mexico's President Enrique Pena Nieto, Canada's Prime Minister Justin Trudeau and U.S. President Barack Obama shake hands while posing for the family photo at the North American Leaders' Summit in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie TPX IMAGES OF THE DAY
Against the backdrop of Parliament, Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama join hands during a group photo at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Against the backdrop of Parliament, U.S. President Barack Obama (R) puts his hand on the shoulder of Canadian Prime Minister Justin Trudeau during a group photo at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Mexican President Enrique Pena Nieto (L) and U.S. President Barack Obama meet at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Mexican President Enrique Pena Nieto (L) and U.S. President Barack Obama meet at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama walk together at the National Gallery of Canada at the start of the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama walk together at the National Gallery of Canada at the start of the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama smiles as he walks past an honor guard upon arrival to attend the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque 
Mexican President Enrique Pena Nieto (L), Canadian Prime Minister Justin Trudeau (C) and U.S. President Barack Obama walk together at the National Gallery of Canada at the start of the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Canadian Prime Minister Justin Trudeau takes a selfie with U.S. President Barack Obama at the North American Leaders Summit in Ottawa, Canada June 29, 2016. Canadian Prime Minister Justin Trudeau/Handout via Reuters 
U.S. President Barack Obama receives a standing ovation before addressing Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama addresses Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
Canada's Prime Minister Justin Trudeau (L) and U.S. President Barack Obama walk in the Hall of Honour on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama (R) waves after addressing Parliament as Canada's Prime Minister Justin Trudeau (L) and his wife Sophie Gregoire Trudeau (C) applaud in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
Canada's Prime Minister Justin Trudeau, his wife Sophie Gregoire Trudeau and U.S. President Barack Obama react after Obama's address to Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama (R) hugs Canada's Prime Minister Justin Trudeau before leaving Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie 
U.S. President Barack Obama addresses Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
House of Commons Speaker Geoff Regan (L) reacts as U.S. President Barack Obama points out his brother-in-law while addressing Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
Canadian Prime Minister Justin Trudeau and U.S. President Barack Obama walk together after a group photo at the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama addresses Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
U.S. President Barack Obama addresses Parliament in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
Canada's Prime Minister Justin Trudeau and U.S. President Barack Obama walk in the Hall of Honour on Parliament Hill in Ottawa, Ontario, Canada, June 29, 2016. REUTERS/Chris Wattie
Speaker of the House Geoff Regan puts his hand on the shoulder of U.S. President Barack Obama at the conclusion of Obama's address to Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama and Sophie Gregoire Trudeau clasp hands as they laugh with Canada's Prime Minister Justin Trudeau in Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Canada's Prime Minister Justin Trudeau and his wife Sophie laugh with U.S. President Barack Obama after Obama addressed Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama addresses Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Canada's Prime Minister Justin Trudeau and his wife Sophie laugh during closing remarks after U.S. President Barack Obama addressed Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque 
Escorted by Canada's Prime Minister Justin Trudeau and his wife Sophie, U.S. President Barack Obama shakes hands as he arrives to address Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama acknowledges a standing ovation as he addresses Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque 
Canadian Prime Minister Justin Trudeau hugs U.S. President Barack Obama after he introduced Obama to address Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama waves as he arrives to addresses Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Sophie Gregoire Trudeau, wife of Canadian Prime Minister Justin Trudeau, applauds as U.S. President Barack Obama rises to address Parliament in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
Canadian Prime Minister Justin Trudeau and his wife Sophie watch as U.S. President Barack Obama signs a guest book upon his arrival at Parliament in Ottawa, Canada, June 29, 2016. REUTERS/Kevin Lamarque
U.S. President Barack Obama boards Air Force One after attending the North American Leaders' Summit in Ottawa, Canada June 29, 2016. REUTERS/Kevin Lamarque
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The Obama Foundation claimed, "For the first time, a presidential center will be in the heart of an urban community." And the president said, "We are proud that the center will help spur development in an urban area."

There is a chance the center could do a little bit of harm to the local residents, though.

The Chicago Tribune notes public works often unintentionally lead to raised rents, and the library could force low-and middle-income residents out.

The library was likely en route to the South Side, in general, because of the president and first lady's past experiences in the area.

"I consider myself a South Sider," said Michelle Obama.

Michelle grew up in the South Side, and Barack spent time there working as a community organizer. Both worked at the nearby University of Chicago, which won the bid for the library last year.

Last month, it was announced that Tod Williams Billie Tsien Architects was selected to design the library.

Officials have estimated the library will cost more than $500 million in private donations but could be open by 2020.

This video includes images from Getty Images and Wikimedia Commons and clips from WJLA, WBBM, University of Chicago, City of Chicago TV and the Barack Obama Foundation. Music Provided courtesy of APM Music.

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