The Salt Lake Tribune is reporting that attorney's found restrictions on using redevelopment funds to cover the station’s operating expenses. Last week KCPW was given a $220,000 loan by The Redevelopment Agency of Salt Lake City. City officials are looking at other options to loan the station money. Station manager Ed Sweeney expressed disappointment at the turn of events.
KCPW did raise $250,000 during its fall fund drive. Apparently that amount is short of what the station needs to meet its loan obligation.
No comments:
Post a Comment