Two draft resolutions issued recent warnings that the Kennedy Center for the Performing Arts is facing imminent bankruptcy. It could possibly close as soon as Tuesday.

Documents shared by the leaders of the Kennedy Center with its board of trustees detail a potential financial crisis. These documents suggest that the center is near bankruptcy.

In a bid to prevent fiscal collapse, the trustees believe that adding President Donald Trump’s name to the building could secure his assistance in fundraising efforts. This action is aimed at avoiding what they consider a ‘certain fiscal collapse.’

The Kennedy Center serves as a significant cultural institution. Its leaders are striving to find solutions to protect this legacy from the threat of financial failure.