Dropdownlist and localized string

I have the following dropdown list in my view: @Html.DropDownListFor(m => m.Data.StaffSelected, new SelectList(Model.Data.AllPrograms, "ProgramName", "ProgramName"), "- Please Select -", new { @class = "browser-default" })

It works fine except that the ProgramName field of my AllPrograms list provided by my custom table, is based on a localizable text box and looks like {$Program.Program_2$} or {$Program.Program_1$} to match corresponding resource strings.

how can I change the code of my dropdown to display the correct name of the program?

Thanks S.