MILWAUKEE (WTAQ) – It might be awhile before construction begins on a new Milwaukee Bucks’ arena, even after Governor Scott Walker signs the state’s financing package.
City aldermen and Milwaukee County supervisors must still give their blessings.
The quarter-billion dollar arena package includes $47 million that’s yet to be approved by the Milwaukee Common Council, for a parking structure and tax incremental financing.
Milwaukee County Executive Chris Abele is getting heat for his plan to give 10 acres of vacant downtown property to the Bucks for just $1.
Officials say it would reduce the county’s state aid by $4 million a year for the next two decades.
State lawmakers have given their final approval to the arena, which the NBA wants in place by mid-2017 or else the Bucks could leave.
(Story courtesy of Wheeler News Service)