Kennedy Center, on brink of bankruptcy, could close as soon as Tuesday

The John F. Kennedy Center for the Performing Arts could shut its doors as early as Tuesday, according to an internal memo that revealed a deepening financial crisis and framed the physical state of the main building as endangering lives.

The 57-page assessment documents, obtained by the Washington Post and distributed prior to a special board meeting Tuesday, warns the Kennedy Center is approaching “certain financial collapse” and lay out options for keeping the institution afloat. The center is facing an approximately $23 million deficit as revenue has fallen and expenses continue to strain available cash.