Is there any scenario that sees WTVP and public broadcasting in Peoria and Central Illinois going dark?
Yes. As part of the bond issue, WTVP was required to pledge all its assets to obtain the Letter of Credit. If we are unable to reach a satisfactory restructuring The Bank of America and Commerce Bank may choose to foreclose on the loan, sell the station to other entities and/or sell off the assets piecemeal. WTVPs staff and Board continue to work hard to preclude those eventualities, but the support of the community is critical to raising the significant amount of dollars necessary to satisfy the banks.
