- Associated Press - Thursday, June 4, 2015

MADISON, Wis. (AP) — Gov. Scott Walker plans to announce details Thursday afternoon of a long-awaited deal to pay for a new $500 million arena for the Milwaukee Bucks.

Walker’s office announced that he will hold a Thursday afternoon news conference at the state Capitol to announce the Bucks deal.

Walker, team officials, state and local Milwaukee government officials have been negotiating for weeks on a plan to pay for the arena in order to keep the NBA team in the state.

The new arena would be part of a $1 billion development that also includes office space, restaurants and bars.

The Milwaukee Journal Sentinel previously reported the deal will include at least $250 million from taxpayers and $250 from current and past Bucks owners.

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