09/26/2012 07:57 am ET Updated Nov 26, 2012

Miami City Ballet Continues Revival By Naming New Executive Director

After a tough year, Miami City Ballet is suddenly coming back strong. First, the troupe announced $3 million in new donations, a lifesaving influx of nearly a quarter of its $13 million budget. And Tuesday, MCB announced the hiring of a top fundraiser at the John F. Kennedy Center in Washington as executive director.

"It's not that there are no financial issues, but we have really turned a corner," said arts-institution turnaround expert and Kennedy Center President Michael Kaiser, who has been consulting with MCB since July. "We are heading into a very good time."