President Obama and first lady Michelle Obama have chosen Jackson Park, a 500-acre park on Chicago's South Side next to the University of Chicago, as the site for his presidential library, according to multiple reports. The White House is expected to make a formal announcement in the next few days.

The site is near the Museum of Science and Industry, Lake Michigan and the eastern edge of the university campus. The university, where Obama used to teach constitutional law, proposed both Jackson Park and Washington Park as sites for the library. Jackson Park, designed by famous landscape architect Frederick Law Olmsted, was home to the historic 1893 World's Columbian Exposition.

The location is also near Woodlawn, a low-income, African-American neighborhood that recently has begun to gentrify.

The Obamas are Chicago natives. In picking a spot for the library, a tradition among former presidents, the Obamas had sought a part of their hometown that needed revitalization but could also benefit from the addition.