According to the Tribune, the Obama Foundation has not confirmed or denied the news, but an official announcement is expected next week.
Jackson Park is located on Chicago‘s South Side near Lake Michigan and the Museum of Science and Industry. That site was chosen over Washington Park, another large park near the University of Chicago.
Jackson Park is located between the Hyde Park, Woodlawn, and South Shore Neighborhoods. Its 500 acres of forests, lawns, and ponds were designed as part of the 1893 Columbian Exposition, by Frederick Law Olmsted and Calvert Vaux.