The Pacifica Foundation has agreed to a settlement with the Empire State Realty Trust to pay off debt and relocate the transmitter for its station in New York City, the foundation announced Thursday.
Pacifica was able to secure a loan from nonprofit lender FJC to pay off its debts, some of which had accrued since the October judgment, according to the release.
ESRT will release Pacifica from the last two years of its lease agreement as of May 31.
The foundation said it is in the “final stages” of an agreement to move the WBAI transmitter to a new transmission site at 4 Times Square.
The Pacifica board is also launching a search for a permanent executive director.