President Obama opens the National Museum of African American History and Culture (PHOTOS)

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U.S. President Barack Obama waves before speaking at the opening ceremony of the Smithsonian's National Museum of African American History and Culture in Washington, D.C., U.S., on Saturday, Sept. 24, 2016. The museum, established by an Act of Congress in 2003, is the only national museum dedicated exclusively to the documentation of African American life, history, and culture. Photographer: Olivier Douliery/Pool via Bloomberg

Michael Neibauer
By Michael Neibauer – Managing Editor, Washington Business Journal

President Barack Obama opened the National Museum of African American History and Culture on Saturday, telling thousands of people assembled on the National Mall that the iconic $540 million facility is "so powerful and so visceral" because "it’s the story of all of us."

Joined by former presidents, civil rights icons, celebrities and Americans of all races, Obama described the Smithsonian's newest institution as "breathtaking," a monument to the persistence, wisdom, dedication and savvy of those who pushed for it over so many years.

He offered special praise for Lonnie Bunch, the 400,000-square-foot museum's founding director and tireless advocate. It's been 13 years since President George W. Bush, who also spoke Saturday, signed the bill that authorized the museum, and its place on the Mall.

"This is about people who, for more than a century, advocated and organized, and raised funds, and donated artifacts so that the story of the African American experience could take its rightful place in our national memory," Obama said. "It’s a story that is full of tragedy and setbacks, but also great joy and great victories. And it is a story that is not just part of the past, but it is alive and well today in every corner of America."

The NMAAHC sits on 5 acres at the corner of Constitution Avenue and 15th Street NW in Washington, D.C.

Read the president's full remarks here. The Washington Post also has extensive coverage.

Below you will find a sampling of the Washington Business Journal's previous NMAAHC coverage: