The facility, home to the
The PAC has also grown its $25 million endowment by about $7.5 million in the past year.
Kimmel Center CEO Janice Price said the next goal is to create financial stability in day-to-day operations and pay down the venue’s $27 million construction debt.
“These successes give us space to talk about these larger issues,” she said.
Kimmel officials were forced last year to freeze salaries, eliminate 12 positions and cancel a summer concert series because of costs related to a long-term construction loan and its too-small endowment. The concert series has been reinstated and two staff members were hired.