ELY – WELY, The End of the Road radio station broadcast on 94.5 FM and 1450 AM, will remain on the air for an additional three months as the business progresses through the sale process, the Bois Forte Tribal Council announced. in a press release Thursday. .
The Bois Forte Band of Chippewa has owned WELY since 2005.
The council initially decided to close the station on June 1. However, an interested party stepped in to purchase the station and a 90-day extension was granted to its closure to begin the sale process.
“These things take time due to market valuations, sales agreements, etc.,” Mayan Beltran, CEO of Bois Forte, said in the statement. “We hope this new window will give us time to sell it now that all the details are finalized.”
However, a sale has yet to be finalized and the board has reached a finalized purchase price which is undisclosed. Beltran that potential buyers will have a first right of refusal of 30 days to make an offer.
According to the statement, Beltran is working with a real estate agent to market the station to sell the entire operation, including the radio station, its tower, its property and the grand building on historic Chapman Street in downtown. city of Ely.
Another option to buy just the radio station, the tower and the land the tower is on, or the Federal Communications Commission broadcast license, is also on the table.
According to the statement, District I Representative Shane Drift said he would not agree to any further extensions after the council’s recent decision.