Kennedy Center says it's on the brink of bankruptcy, might close as early as Tuesday
In two board resolutions made public Monday, the arts institution says it is in a dire financial and physical state — and that only President Trump can "rescue" it.
The John F. Kennedy Center for the Performing Arts, established by President Donald Trump, faces potential bankruptcy and imminent closure as early as Tuesday, according to documents obtained by The Washington Post. The center, grappling with financial and physical crises, is considering two resolutions during a special board meeting on Tuesday.
One proposal suggests that placing Trump's name on the facade would secure his assistance in raising funds to avert bankruptcy. However, the other proposal argues that the building's immediate closure is necessary, as it poses a threat to life and safety. The financial resolution claims Trump has pledged to raise the necessary funds, but insists on receiving recognition for his role in the renovation project.
The board is being asked to choose from 10 potential inscriptions for the building, including one that reads: "Renovation Restoration and Endowment overseen by President Donald J. Trump and the Trump Kennedy Center Fund." Legal challenges to the center's name remain, with U.S. District Judge Christopher Cooper considering a lawsuit to remove Trump's name.
Written by urgent.news from The Japan News by The Yomiuri Shimbun's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Kennedy Center Could Close as Early as Tuesday, Warns of Bankruptcy, Documents Show japannews.yomiuri.co.jp
- Kennedy Center reportedly on brink of bankruptcy and could close as early as Tuesday theguardian.com
- Kennedy Center could close as early as Tuesday, warns of bankruptcy, documents show torontosun.com
