AMERICAS
2 min read
Famed Kennedy center faces bankruptcy, closure — report
According to media reports, officials said the premier cultural centre faces "certain fiscal collapse" within weeks and insisted that adding President Donald Trump's name may be the only way to prevent bankruptcy.
Famed Kennedy center faces bankruptcy, closure — report
Aerial View of Kennedy Center in Washington DC. / Reuters Arkiv

Leaders of the Kennedy Center who have sought to add President Donald Trump's name to the storied institution say it faces bankruptcy and possible closure in days, the Washington Post reported.

According to documents obtained by the paper on Sunday, the center's board of trustees is expected to vote on Tuesday on whether to close the main building of Washington's performing arts center, due to financial and safety needs.

Officials warn in the documents that the center "could be unable to make payroll or pay routine maintenance contracts" within weeks, the Post reported.

Publicly recognising Trump at the center, they argue in the 57-page pre-meeting packet, would help ensure fundraising help to keep it afloat.

"Trustees are being asked to choose among 10 texts that could be placed on the building's exterior beneath its name," to publicly credit Trump with the renovation, the Post reported.

Shortly after beginning his second term, Trump named himself as chairman of the center, which is named in honour of late president John F. Kennedy, who championed civil rights before he was assassinated in 1963.

In December, the board voted to rename it the "Trump-Kennedy" center, a move that was later blocked in court.

RelatedTRT World - Kennedy Center removes Trump’s name from building after court order

Raising additional funds

A host of artists have cancelled concerts at the venue, and US media reported that Kennedy Center ticket sales had plummeted to their lowest levels since the Covid pandemic.

The Post reported the center was slated to collect about $124 million of the projected $220 million in revenue that it had budgeted, "leaving a roughly $23 million deficit even after substantial spending cuts" this past fiscal year.

Additionally, the building itself was damaged in a severe storm earlier this month, when a "roughly four-by-five-foot section of ceiling plaster broke loose in the Grand Foyer and fell about 60 feet," among other needed repairs.

Asked about the Post's reporting, the Kennedy Center declined to comment and referred AFP to a recent statement from spokesperson Roma Daravi blaming "decades of neglect and deferred maintenance by the previous leadership."

"Adding Chairman President Trump's name to the building attracted new donors and was crucial to raising additional funds for the Center's renovation," a spokesperson, speaking on condition of anonymity, told AFP.

RelatedTRT World - Famed Kennedy center to be renamed 'Trump-Kennedy Center' — White House
SOURCE:AFP