The license of Chicago’s only noncommercial Latino radio station is for sale.

The board of the National Museum of Mexican Art has decided to unload the broadcasting license of youth-run WRTE, 90.5 FM, better known as Radio Arte, according to museum President Carlos Tortolero. Tortolero said the museum also plans to sell an 11,000 square foot building in the city’s Pilsen neighborhood that houses the station and another museum youth program, Yollocalli Arts Reach.

“The funding, especially in radio, is going south,” Tortolero said. “We have a building that’s costing us money. We tried to borrow some money to do some things and [banks] are saying, ‘No, no. You can’t.’ The banks are looking at us and saying, ‘Hey, you have to get rid of some of this stuff.’”

Tortolero is meeting with potential buyers of the license. Those include Chicago Public Media, the parent of WBEZ. The museum has also brought a real-estate appraiser through the building. Tortolero said the museum, which launched both youth programs in 1997, plans to continue them.

But his moves have sparked opposition from some current and former Radio Arte volunteers. They say they’re forming a cooperative to try to buy the station.

“We want to keep the frequency, name, license and transmitter,” said Martín Macías Jr., 22, who produces a weekly news show for the station.