Kennedy Center Finances Collapsed Once Trump Added His Name

President Trump has hailed his takeover of the John F. Kennedy Center for the Performing Arts as an economic boon for the storied venue, claiming the historic theater “would be in financial ruin” without Trump, and that not putting his name on the building would “cause donors to flee.”

Instead, it’s been a complete bust.

New reporting from The Washington Post shows that the center is on track to fall $100 million short of its profit goal directly because of Trump changing the name to the Trump-Kennedy Center. It expects to miss its budget target by 70 percent and contributed revenue by 25 percent, a projected $23 million deficit. 

“The center took a huge hit when the takeover happened,” an anonymous source close to the situation told the Post. While ticket sales plummeted after Trump’s officials launched their anti-woke takeover at the beginning of his term, things got even worse after the name change last December. “It was just an absolute fiscal cliff. Donors disappeared, ticket sales disappeared, artists disappeared—like it was doomsday.”

This all comes as the center is multiple months late in delivering its independent audit during Trump’s first year of leadership.

The Trump-appointed Kennedy Center board tried to close the center for two years beginning in July, but that decision was blocked by a U.S. district judge who argued that the board’s decision was “ill-informed and seemingly preordained.” Earlier this month, the board again voted to close the center for two years so that it can renovate the building in Trump’s image—and add Trump’s name back.

Trump has put this once iconic venue through absolute hell. His initial takeover, fueled by a right-wing spite for “woke” culture, led many high-level acts to cancel and donors and patrons to flee. But the name change—which hasn’t even officially, legally happened—may have been the true coup de grâce.