This transcript is automatically generated
I'm breaking news from Moody's it has placed Penn State's rating on review for a possible downgrade okay.
So in the next ninety days Moody's is reviewing.
Penn State's credit situation it's gonna look at its fundraising ability and -- student enrollment it's gonna get back can give some kind of rating.
Who knows where that toppled down I don't know but -- on review ninety days that review will -- that's Penn State.
The NC double leg of course has hit and at Penn State.
-- big time sanctions you've of that sixty million dollars worth of -- a full year ban on post season play 112 wins take -- that means joke a -- of a man that.
No longer has the record for most victories -- -- college of these penalty is off they could -- local businesses.
In 2009 football brought in nineteen million dollars to send to accounting.
Directly or indirectly keeping seven the amount of people employed.
Joining us now is Betsey Howell from the central Pennsylvania convention and visitor's bureau Betsy we thank you very much indeed for joining us today.
What do you think he's going to be the impact on -- on Centre county from what's been going on Penn State.
Well our hope is that the Penn State fans will continue to come out in support.
The team and that the visitors will continue to come into the area there's there's a lot more here than just Penn State football though it is it a huge part of our economy will you.
Take a hit to do you think -- you you have to have some kind of projection here are you expecting a hit albeit modest.
Tom might might -- personally is may be a modest hit.
But our community.
Is strong community were actually going to be meeting tonight.
And again on thirsty to discuss this situation and see if we can.
Come up with a game plan.
I think I know that's Penn State -- -- fans are avid.
I'm sure -- that they response will be very positive at least in the early going.
But our production to you looking at this situation with single look may -- a few months down the road or something a year down the road.
When you don't have stop players and you can't get into the post season you can get into the bowl games that you probably can fill that stadium.
And he can't maintain the level of economic activity down the road.
What do you say to people who say that to you.
I say I hope they're wrong.
But and if not then again our community will come together and we'll we'll develop a plan -- -- strong community.
And we worked well together and we will continue to work well.
And we'll get through this.
Capital -- -- on an outsider took college football and that that's it's clear.
Can you give me some indication of what it means to to use to the community around -- Penn State -- -- it means it means a great deal it's it's an experience.
That most people.
Might not ever have an opportunity to take advantage.
That the crowds are wonderful it's it's a welcoming area.
It's it's it's it's fun so.
That's right we're hoping that that the Penn State fans will -- -- used to come out and support the team.
Hi -- -- we thank you very much for appearing with us today is a difficult time we understand that -- know you've got a meeting about this tonight.
But we wish you the best of luck good luck that's it.