Bucks arena deal gets done
A rare bipartisan deal allowed the public financing deal for a new Milwaukee Bucks arena to pass through the Wisconsin state Senate Wednesday. Included in the deal were a ticket surcharge and the elimination of a debt collection provision.
The Republican-authored bill would put $250 million in public dollars toward the $500 million project over the next 20 years. The Bucks’ new owners would contribute $150 million and former owner Herb Kohl would add $100 million.
Among the changes that allowed the controversial proposal to get done is a $2 ticket surcharge, with $1.50 going to the arena’s governing district and 50 cents going to the state. The surcharge would increase state revenues by $500,000 and the district’s revenues by $1.5 million, according to a Legislative Fiscal Bureau analysis.