Whatever happens after Corona, Kennedy Center looks doomedmain
A conference call between Kennedy Center President Deborah Rutter and 200 employees has been intercepted by Jack Posobiec of One America News, a rightwing, pro-Trump outlet.
In it, Rutter tries to explain why, with an extra $25 million of Federal cash, she had to lay off all the musicians without pay.
Here’s part of it:
The baseline cash flow says that if we had not received any cash, and everything stayed exactly as it is today, no changes, we would draw fully on the line of credit, we would be out of cash, on May 15. Couldn’t do anything further. So, with no changes, assuming we could even open on May 15, we would have no cash to do the work moving forward. We extended that cash flow all the way through September 30, and um, we would be in arrears to the tune of $32 million. So, again, with the $25 million, and doing nothing, we still would be out $32 million. That’s actually sort of why we were asking, initially, for $35 million from the federal government.
Whatever happens after the Corona crisis, Kennedy Center will be a basket case.