Skip to comments.[Minnesota] Port Authority OKs bonds for MPR's WCAL
Posted on 09/30/2005 1:43:08 PM PDT by hlmencken3
The St. Paul Port Authority has agreed to issue $11.5 million in bonds so Minnesota Public Radio can refinance its controversial purchase of WCAL-FM, a college-owned classical music station...
...Last December, the St. Paul City Council, acting as the Housing and Redevelopment Agency, voted 3 to 3 against issuing conduit bonds.
The Port Authority's decision to issue the bonds must be approved by the City Council, perhaps as soon as next week.
Two members of the council also sit on the Port Authority board...
(Excerpt) Read more at startribune.com ...
Liberals don't need Air America they have NPR.
The most disgusting thing about this transaction was that St. Olaf had an offer on the table which was $500,000 higher than the one they accepted from MPR. The problem? The other offer was from a Catholic network which wanted to use the station for religious broadcasting. I don't know if it was liberal bias on the part of St. Olaf or just old-fashioned Lutheran bigotry, but they went with the lower offer.
The worst thing for me was that we lost a great classical station in WCAL and now we have only the third-rate KSJN in its place.
Follow the money.