Kimmel Cultural Campus Impact
With 93% of our revenue driven by ticket sales, venue rentals, artistic partnerships and catering and concessions, the financial impact of COVID-19 is dire.
To date, over 1,100 performances and events have been canceled or rescheduled, affecting more than 900,000 guests and representing a ticket revenue loss of close to $11 million dollars.
Despite making swift and aggressive cuts, including our most difficult decision to partially or fully furlough 100% of our staff, we face a true operating gap of $5.3 million through the end June.
Additionally, we anticipate up to $4 million dollars in new expenses due to increased COVID-19 countermeasure costs for performances and events upon reopening.