Latest / Systemic Error Podcast
Kennedy Center 'in free fall' as Trump allies max out credit and spend opera funds: WaPo
What happened
RawStory, citing The Washington Post’s review of confidential board documents and tax filings, reports that the Kennedy Center’s Trump-appointed leadership exhausted its $21 million bank credit line, depleted much of its debt reserve and withdrew $10 million from the Washington National Opera’s $10.3 million endowment. Arts-management professor Karen Gahl-Mills described the institution as appearing to be “in free fall.”
Ticket revenue fell 15 percent and donations nearly 25 percent in the fiscal year ending September 2025. The center expected ticket income to decline by more…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.