Kennedy Center could close as early as Tuesday, warns of bankruptcy, documents show
The center faces a roughly $23 million deficit after ticket sales plummeted and artists canceled performances, according to internal documents.
- 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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58 Articles
The leaders of the Kennedy Center in Washington believe that the famous institution, controlled by Donald Trump's relatives, is on the brink of bankruptcy and may have to close its main building as early as Tuesday, according to a Washington Post article released on Sunday. ...
Reports: Kennedy Center warns of bankruptcy unless Trump’s name returns
By Hanna Park, CNN (CNN) — Officials at the Kennedy Center warn it faces “certain fiscal collapse” within weeks unless President Donald Trump’s name is added back to the building, according to documents obtained by The New York Times and The Washington Post. The warning appears in a draft resolution circulated to the performing arts
The Washington Post has revealed that the main building of the famous institution could close this Tuesday. Its leaders, close to Trump, call for support from the president in exchange for funds.
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…
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