Milwaukee Bucks Rumors
The public’s first opportunity to formally comment on part of a $500 million funding plan to build a new Milwaukee Bucks arena attracted an overflow crowd Monday evening, with one group questioning how the city has enough money to help pay for the project but not neighborhood or school investments. The packed City Hall meeting began the final stage of a process that could see Milwaukee keep or lose an NBA franchise that has called the city home for nearly 50 years. Without a new arena by 2017, the NBA has said it will buy back the team and move it. The Bucks currently play in the 27-year-old BMO Harris Bradley Center.
Milwaukee’s top development official and its chief financial officer will publicly present details Monday of the final piece of a proposed $500 million funding puzzle to build a new arena for the Milwaukee Bucks and help keep the NBA franchise in the city. Development Commissioner Rocky Marcoux will lay out how the city plans to generate its $47 million share of public funding, while Comptroller Martin Matson will give his fiscal analysis during an afternoon hearing with city leaders.
Henson and the Bucks have had on-going talks about an extension. Sources close to the process say there is a deal there if Henson wants it, but there is a sense from his side of wanting to see how the extension market plays out.