{"id":3670,"date":"2026-09-14T07:59:11","date_gmt":"2026-09-14T07:59:11","guid":{"rendered":"https:\/\/sotnews.agency\/?p=3670"},"modified":"2026-09-14T07:59:11","modified_gmt":"2026-09-14T07:59:11","slug":"us-kennedy-center-faces-bankruptcy-washington-post-reports-donald-trump-news","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=3670","title":{"rendered":"US Kennedy Center faces bankruptcy, Washington Post reports | Donald Trump News"},"content":{"rendered":"
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Board of trustees recommending that the main building be closed immediately due to costs, US newspaper reports.<\/em><\/p>\n<\/div>\n

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Published On 14 Sep 2026<\/span>14 Sep 2026<\/span><\/p>\n<\/div>\n<\/div>\n

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The John F Kennedy Center for the Performing Arts in Washington, DC, is on the brink of bankruptcy and could close as soon as Tuesday, The Washington Post has reported.<\/p>\n

According to the report in the United States newspaper on Sunday, the institution\u2019s board of trustees, of which President Donald Trump is the chairman, has argued that putting the president\u2019s name on the facade could be the only way to avoid imminent and \u201ccertain fiscal collapse\u201d.<\/p>\n

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The trustees also say the institution will not be able to pay employees or meet maintenance costs within a few weeks.<\/p>\n

The assessment was set out in a 57-page report before a special meeting on Tuesday, when the Trump-led board is expected to consider the two main issues affecting the performing arts centre: A financial crisis and a physical one, as the building needs renovation.<\/p>\n

The Post reported that board members are recommending that the main building be closed immediately due to costs.<\/p>\n

The \u2060Post also said Trump \u2060would help the Kennedy Center if his involvement is acknowledged. The trustees\u2019 report represents \u201ca remarkable new phase in Trump\u2019s takeover of the Kennedy \u2060Center, which has been engulfed by financial turmoil, leadership upheaval and litigation \u2060since he installed himself as chairman \u2060last year\u201d, the paper said.<\/p>\n

The Kennedy Center was named in honour of the late US president who championed civil rights before he was assassinated in 1963.<\/p>\n

Trump placed himself as chairman of the Kennedy Centre shortly after beginning his second term last year, and in December his hand-picked board voted to rename it the \u201cTrump-Kennedy\u201d Centre, a move later blocked in court.<\/p>\n

In response to Trump\u2019s takeover, a host of artists have cancelled concerts, with US media reporting that ticket sales had fallen to their lowest levels since the COVID-19 pandemic.<\/p>\n

The Post reported that the centre was expected to collect about $124m of the projected $220m in revenue that it had budgeted, \u201cleaving a roughly $23 million deficit even after substantial spending cuts\u201d this past fiscal year.<\/p>\n

It added that a spokesperson for the centre blamed the problems on \u201cfinancial mismanagement by previous leadership\u201d and said Trump\u2019s name had attracted new donors.<\/p>\n<\/div>\n


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Board of trustees recommending that the main building be closed immediately due to costs, US newspaper reports. Published On 14 Sep 202614 Sep 2026 The John F Kennedy Center for the Performing Arts in Washington, DC, is on the brink of bankruptcy and could close as soon as Tuesday, The Washington Post has reported. According…<\/p>\n","protected":false},"author":1,"featured_media":3671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3670","post","type-post","status-publish","format-standard","has-post-thumbnail","category-international-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t