The Milwaukee Bucks are working to get a new arena deal done, with a proposal calling for $250 million in public money needing to get passed in order for construction to start on the arena. It appears the plan will pass in the Wisconsin State Senate on Wednesday:
BREAKING: Senator Lena Taylor says a deal is done. The Bucks Arena plan will pass state senate tomorrow.
— Ben Handelman (@BenHandelman) July 15, 2015
Assuming the plan does indeed pass, it’ll move on to the Assembly.
A new arena for the Bucks has been in the works for several years, as the BMO Harris Bradley Center is outdated and NBA commissioner Adam Silver has said a new building is needed. There’s pressure to get a new arena built because the league can buy back the Bucks and potentially move them if there’s no new stadium ready in 2017.
The current proposal calls for $250 million in public money plus $150 million from the current owners and $100 million from former owner Herb Kohl. That $250 million in public money would get close to $400 million with interest over 20 years. There’s been some pushback over using public money, but it looks like we’re one step closer to a new deal.