- Associated Press - Wednesday, April 8, 2015

MILWAUKEE (AP) - The Milwaukee Bucks say they will make a major announcement Wednesday amid a report the team will unveil plans for a new arena.

The team said they would detail a proposed “sports and entertainment district.” Legislators, city leaders and Milwaukee County officials have been sparring for months over proposals to fund a new arena that could guarantee the franchise stays in Milwaukee.

The Milwaukee Journal Sentinel late Tuesday published an artist’s rendering it said it obtained of the proposed district near the club’s current home in the BMO Harris Bradley Center. The paper, citing unnamed sources, said the development would include a 17,000-seat arena, a 60,000-square-foot public plaza, a city-owned parking ramp and a practice facility.

Bucks owners Wes Edens and Marc Lasry have committed $150 million to an arena that could cost up to $500 million, with former owner and Sen. Herb Kohl pledging another $100 million. Political leaders have offered a range of ideas for how to pay for the rest.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide