Financial Troubles at the Kennedy Center

SOURCE www.breitbart.com
The Kennedy Center in Washington, DC is facing financial troubles, with no cash on hand and a $240 million budget. Interim executive director Ric Grenell is working to restore the institution by cutting executive salaries and making budget changes. The center was opened in 1971 as a memorial to President John F. Kennedy.

Key Points

  • Kennedy Center has a $240 million budget but no cash on hand
  • Interim executive director Ric Grenell is cutting executive salaries and making budget changes
  • Center was opened in 1971 as a memorial to President John F. Kennedy

Pros

  • Efforts being made to restore the financial stability of the Kennedy Center
  • Executive director cutting highly paid salaries and making budget changes

Cons

  • Kennedy Center facing financial crisis with zero cash on hand and no reserves