The John F. Kennedy Center for the Performing Arts is reportedly nearing bankruptcy, with its leadership suggesting that publicly crediting President Donald Trump for his fundraising efforts may be crucial to saving the institution.
A 57-page document outlining the center’s critical financial situation was shared with the board of trustees before a special meeting planned for Tuesday, the Washington Post reported on Sunday.
The document suggested that the center may not be able to cover payroll or pay for regular maintenance “within a matter of weeks”. The officials propose “appropriate recognition” of Trump’s fundraising efforts could help generate the required funds to keep the institution running.
The officials have also advised the immediate closure of the main building as it potentially endangers lives. If the Trump-backed board approves, the center could shut down as early as Tuesday.
The trustees are reportedly being asked to select from 10 potential inscriptions, including one reading “Renovation Restoration and Endowment overseen by President Donald J. Trump and the Trump Kennedy Center Fund,” that could be displayed on the building’s exterior, recognizing Trump’s contribution to the center’s renovation and endowment.
The Kennedy Center did not immediately respond to Benzinga’s request for comments.
Kennedy Center Name Fight Continues
The Kennedy Center’s financial distress comes after a series of events. In August, reportedly the board approved new facade language crediting Trump for its restoration and renovation and renamed the grounds “President Donald J. Trump Plaza.”
The move comes despite a federal judge ruling that the congressionally designated memorial must remain named after former President John F. Kennedy. The board also reapproved a two-year closure for renovations, though some programming could continue at the outdoor Reach complex.
The Justice Department defended plans to add Trump’s name, saying the move would not violate federal law or prior court rulings. The center’s board later told a federal judge it would delay adding Trump’s name to the building or grounds until at least October 8.
Lutnick Backs Trump’s Kennedy Center Role
Last month, Commerce Secretary Howard Lutnick pushed for the center to “acknowledge President Trump” for his involvement in the proposed refurbishments. Lutnick emphasized that the renovations, expected to cost $257 million, were not for Trump’s personal benefit, but for the American people.
He added that the demolition of the Kennedy Center could eventually happen if Trump is unable to renovate it, though he stressed that demolition is not imminent. His wife, Allison Lutnick, serves on the center’s board.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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