Bucks Arena Deal Comes with Protections, Limits

The plan for a new Milwaukee Bucks arena looks like this. Governor Walker says the plan includes $250 million already committed by the Bucks’ current and former owners. The other half will come from taxpayers, a contribution capped at $250 million. The taxpayer cost would grow to an estimated $400 million over 20 years with interest. THe state’s would kick in $80 million. Milwaukee County Executive, Chris Abele  says the plan is in the best interest of taxpayers.

 

 

 

The deal must now pass the Milwaukee Common Council and, more importantly, the GOP controlled Legislature…..where some have said the plan does not belong in the state budget….but an attached amendment to the budget.