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Bucks to Unveil $1 Billion Proposal for New Arena Complex

With pressure from the NBA to upgrade from the outdated Bradley Center, the Milwaukee Bucks are set to unveil plans for a $1 billion arena complex in downtown Milwaukee, according to Don Walker of the Milwaukee Journal Sentinel:

Here’s another look at the proposed development:

The proposal calls for a $500 million stadium built right next to the current location of the Bradley Center. In addition to the new arena, a public plaza would be set up for live entertainment, and there would be parking right across the street.

The Bucks also want to build a new state-of-the-art practice facility to go along with the new stadium. The plan is for the Bradley Center to be demolished, and that area could turn into a hotel and commercial or office space.

The funding for the project is expected to come from several sources. New and old Bucks ownership has about $250 million committed, and Governor Scott Walker has proposed a $220 million state bonding plan. There’s still work to be done on that front, but it’s a good start.

The Bucks are under pressure to get a new arena built because the NBA could relocate the franchise to another city if the Bradley Center isn’t replaced.

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