US Kennedy Center faces bankruptcy, Washington Post reports
Summary
The John F. Kennedy Center for the Performing Arts in Washington, DC, is close to bankruptcy and might have to close soon. The center’s board, led by President Donald Trump, says putting his name on the building could help save it from financial collapse.Key Facts
- The Kennedy Center faces a serious money crisis and may close as early as Tuesday.
- President Donald Trump is the chairman of the center’s board of trustees.
- The board suggests adding Trump’s name to the building to avoid financial failure.
- The center is struggling to pay workers and maintain the building, which also needs repairs.
- Ticket sales have dropped sharply, and many artists have canceled shows after Trump took charge.
- The center projected $220 million in revenue but expects to collect only about $124 million, leaving a $23 million shortfall.
- The board voted to rename the center the “Trump-Kennedy Center,” but a court blocked the change.
- The center’s spokesperson blamed previous leaders for financial problems but said Trump helped bring new donors.
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