html_entity_decode() with Livewire model binding to eloquent collection - eloquent

Question

I am retrieving an eloquent collection from the database and then model binding that eloquent collection in Livewire as explained in the Livewire docs. In my blade view I am then looping through the eloquent collection using:
#foreach ($contents as $content=>value){
<textarea wire:model.lazy='contents.{{$index}}.text_value'></textarea>
#endforeach
This loops through and shows the 'text_value' field for each of the models in the collection. In some of the text_values there are hyperlinks. If I wasn't looping through an eloquent collection that is using model binding I would use the following to decode the html characters to render the value as a hyper link:
#foreach($contents as $content)
<textarea wire:model.lazy='{!! html_entity_decode('$content->text_value) !!}
#endforeach
How do I do that when looping through an eloquent collection with model binding that uses the following so that the span and a tags are rendered as html:
#foreach ($contents as $content=>value){
<textarea wire:model.lazy='contents.{{$index}}.text_value'></textarea>
#endforeach
There is nothing in the Livewire documentation, and using the below doesn't work as this is not being 'performed' on the text_value:
#foreach ($contents as $content=>value){
<textarea wire:model.lazy='contents.{!! html_entity_decode($index) !!}.text_value'>. </textarea>
#endforeach