Kennedy Center could close as early as Tuesday, warns of bankruptcy, documents show
Internal documents say the center faces a $23 million deficit and could not meet payroll or maintenance costs within weeks, according to The Washington Post.
- The Kennedy Center board of trustees, chaired by President Donald Trump, meets tomorrow to vote on closing the main building in Washington due to financial and physical crises outlined in a 57-page packet distributed to trustees.
- Trump installed himself as chairman shortly after beginning his second term, overseeing a period where the center collected only $124 million of its $220 million budget, leaving a roughly $23 million deficit.
- Beyond financial shortfalls, the building suffered structural damage when a "roughly four-by-five-foot section of ceiling plaster broke loose in the Grand Foyer and fell about 60 feet" earlier this month, while ticket sales plummeted to their lowest levels since the Covid pandemic.
- Trustees are considering 10 text options to place on the building's exterior crediting Trump with renovation, as an anonymous spokesperson stated adding his name is "crucial to raising additional funds for the Center's renovation."
- Officials warn the institution "could be unable to make payroll or pay routine maintenance contracts" within weeks, as leaders argue the center faces imminent "certain fiscal collapse" without immediate action.
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46 Articles
The directors of the Kennedy Center, who sought to add the name of President Donald Trump to the prestigious institution in the American capital, claim that space runs the risk of bankruptcy and possible closure in a few days, reported the Washington Post this Sunday. According to documents obtained by the newspaper, a vote of the center's board of directors is scheduled for Tuesday on whether or not to close the main building of Washington's pe…
The Kennedy Center in Washington is on the verge of bankruptcy and possible closure, according to the "Washington Post". Members of the board of directors of the Kennedy Center in Washington estimate that the historic American institution, in which US President Donald Trump has installed his own people, is on the verge of bankruptcy, may declare bankruptcy and close the doors of its main building as early as tomorrow Tuesday, reports an article…
The Kennedy Center's board of directors is expected to vote on Tuesday on whether to close its main building, the Washington Post reports. The post USA: Kennedy Center on the verge of bankruptcy and closure, the Washington Post reports appeared first on in.gr.
(Seoul = Yonhap News) Reporter Im Hwa-seop = The management of the John F. Kennedy Center for the Performing Arts (hereinafter the Kennedy Center), a national performing arts venue in Washington, D.C., the capital of the United States, [is] the 'Center ...
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