The Washington National Opera has filed a lawsuit seeking more than $17 million from the John F. Kennedy Center for the Performing Arts, alleging the institution has refused to turn over funds that belong to the opera company following their separation earlier this year.
According to a lawsuit filed Thursday in the United States Court of Federal Claims and reported on Friday by The New York Times, the opera company claims the Kennedy Center has withheld money that includes endowment assets, donor contributions, and other funds collected on the opera’s behalf during the years the two organizations were affiliated.
“W.N.O. reluctantly files this case to preserve its future and to protect its donors and artists,” attorneys for the opera company wrote in court filings. The suit further argues that the disputed funds consist of donations accumulated over many years that are “critical” to the organization’s continued operations.
Among the allegations is a claim that […] money from a fund containing bequests and donations intended for the opera had been pledged as collateral for a line of credit. The Kennedy Center sharply rejected the claims, maintaining that those funds indeed belonged to the Kennedy Center itself.
In a statement to the Times, spokeswoman Roma Daravi argued that the relationship with the opera company had been a financial drain on the institution for years. Citing calculations from an outside accounting firm, she said the opera had “accumulated a $72 million deficit to the center” during the period it operated as an affiliate.
Trump will settle for 5 million for himself and a slush fund for slushies
Wow thats huge at this time
True to form - any business entity that’s part of Trump’s orbit isn’t paying their bills.
“A Trump never pays theirs debts.” - GoT (Game of Toilets)
A Song of ICE and Fascists
I’m actually angry I never thought of that before. 😡
