The Chicago home where the late President Ronald Reagan grew up is slated to be demolished and potentially turned into a parking lot for President Obama’s Library, it was revealed today.

The home, at 832 E. 57th Street, was where Reagan survived a near-fatal bout of pneumonia in 1915 and he has written fondly of playing in the Hyde Park neighborhood with his brother and others.

But the University of Chicago has recently purchased the apartment building and they have announced plans to raze it and make it a parking lot.

Some have said that the liberal Chicago establishment does not want a reminder that Reagan, a conservative icon, once lived in the city.

Its current mayor, Rahm Emmanuel, was the White House Chief of Staff during Obama’s first term.