Last Updated: August 3, 2005 08:22pm ET

Kennedy Center Cancels $650M Expansion Plan

By Barbra Murray

WASHINGTON, DC-The John F. Kennedy Center for the Performing Arts will not undergo a 402,000-sf expansion as has been planned for the last several years, due to Congress' elimination of an intended allotment of $400 million to help develop the $650-million project. Congress omitted the funding allocation from the recently passed transportation bill.

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WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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