The state of Wisconsin will contribute $250 million to the funding of a new arena for the Milwaukee Bucks after a vote by the Wisconsin State Assembly on Tuesday.
The bill passed on a bipartisan vote of 52-34 after an hour long debate.
The result of the vote is pending the signature of Gov. Scott Walker. The republican presidential candidate is currently campaigning in Philadelphia, but he is expected to sign the bill.
“For us, it’s what we’d hoped for,” Walker said. “A good, bipartisan vote. It had strong votes in both the Assembly and the Senate. A lot of hats off.”
The bill will officially keep the Bucks in Milwaukee. The team was caught in rumors that if a deal for a new arena wasn’t reached, the team could be moved to Seattle. Under the new bill, taxpayers will be responsible for $400 million of the arena, $250 million before interest. A contingent of Milwaukee Bucks current and past owners will spend an additional $250 million.
Each ticket to Bucks games will now come with a $2 surcharge.
“This is really a very proud day, not only for Milwaukee but for Wisconsin,” said Democratic Rep. Christine Sinicki. “This will really, truly help put Milwaukee on the map.”
Bucks owner Peter Feigin and head coach Jason Kidd were on hand for the vote.