Washington, D.C. – The John F. Kennedy Center for the Performing Arts announced on Friday that it is on the brink of bankruptcy, with creditors demanding immediate payment that could force the iconic venue to shut its doors as early as next Tuesday. The Center, which relies heavily on federal appropriations, private donations, and ticket sales, has seen a 40% drop in revenue over the past two years due to pandemic‑related cancellations and rising operational costs. A confidential audit revealed a $120 million deficit and insufficient cash flow to meet payroll and maintenance obligations. Board Chairwoman Maria Alvarez appealed to Congress for emergency funding, while a public fundraising campaign was launched to avert the closure of the nation’s premier cultural institution.
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