Kennedy Center Says It Could Close as Soon as Tomorrow
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“COULD ADDING TRUMP'S NAME SAVE THE KENNEDY CENTER”
covered 2h ago ▶ Be on the air with LiveNOW from Fox“KENNEDY CENTER SAYS IT COULD CLOSE AS SOON AS TOMORROW”
covered 6h ago ▶ Be on the air with ABCWatch the moment
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Congress only covers the Kennedy Center's building costs, not its shows.
The Kennedy Center receives ~$40M/year in federal funds for maintenance, but must self-fund ~$100M more through ticket sales, donations & events. A revenue shortfall can threaten the entire operation.
JFK personally fundraised for the arts center before it bore his name!
Originally called the National Cultural Center, JFK championed it before his 1963 assassination. Congress renamed it in his honor and provided $23M in federal construction funds in 1964.
The Kennedy Center has over $250M in deferred maintenance needs.
Built in 1971 for ~$73M, the Center now faces a repair bill worth more than 3x its original construction cost. It receives ~$40M/year in federal funds but relies heavily on ticket sales and donations.
Topic poll · all networksIf the Kennedy Center closes, who gets hurt most?
Topic poll · all networksWhat law gave the Kennedy Center its name & federal status?
- National Cultural Center Act
- John F. Kennedy Center Act
- Presidential Arts Endowment Act
- Federal Performing Arts Charter
Guess, then reveal the answer
John F. Kennedy Center Act
Topic poll · all networksWho bears most responsibility for the Kennedy Center's financial crisis?