Legal settlements boost Trump plans for Florida presidential library

President Donald Trump is turning his attention to his legacy

and a presidential library in Florida is at the center of it. The Wall Street Journal reports Trump is close to a deal with Florida Atlantic University

to build his library on campus. According to sources familiar with the talks

the school has offered him land under a 100-year lease, and it's just minutes from Mar-a-Lago

Those sources point to Trump's current $37 million cash reserve from legal settlements

with Meta and ABC News. That number could grow if a pending settlement with Paramount is reached

He's also backed by inauguration funds and a nonprofit started by his sons

The Donald J. Trump Presidential Library Foundation was incorporated in Florida on May 19th

with the purpose of preserving his legacy. Presidential libraries aren't just about the

outside appearance. Since 1981, all official records belong to the U.S. government under

the Presidential Records Act, meaning NARA, the National Archives, retains legal custody of what's

inside. The idea of these libraries started with FDR in the 1930s, and they've become tradition

ever since. Sixteen libraries are now a part of the NARA system, including those for Truman

Carter, Bush, and Obama. Obama's yet-to-open library in Chicago is different. It's privately

run by his foundation, though NARA still controls the records and digitizes them. George W. Bush

also took a similar approach with his foundation. Former President Joe Biden is starting to plan

his own. He told USA Today he wants it in his home state of Delaware and says both the University of

Delaware and the University of Pennsylvania have shown interest, yet nothing has been finalized or

announced publicly. For Straight Arrow News, I'm Kaylee Carey. For more on biased fact-driven news

head to san.com or download the Straight Arrow News mobile app