Philly’s Kimmel Surprises With Surplus

After struggling with its finances, Philadelphia’s Kimmel Center has managed not only to balance its budget but post a surplus of $1.2 million. “While a surplus would be good news by any standard, Kimmel leaders acknowledge that this year’s numbers benefited from two unusual circumstances: a long summer run of The Lion King, the industry’s coveted cash cow; and income from an out-of-court settlement after the Kimmel sued its own architect, Rafael Vinoly Architects.”