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What if the Milwaukee Renaissance is as short-lived as AfterMASH?
The Bucks have had some splendid weeks of late—making the playoffs, gaining more corporate sponsors, signing a big-time free agent in Greg Monroe. The future of the team itself has never been brighter. And yet, as soon as Wednesday, the team's fate in the city and state it's known since 1968 may turn in a final, irreversible direction out of the city.
The Wisconsin State Senate is expected to consider as early as this week a vote on whether to approve the latest funding proposal for a new arena for the team, which the league, as ever, is saying is a must if the Bucks are to remain in Milwaukee. This proposal differs from the one set forth by Wisconsin Governor Scott Walker earlier this year, that called for $220 million in public funds to be used toward construction of the new building.
The state legislature removed the arena bill from the state's budget process last week, which was especially contentious with Walker seeking to cut funds for the University of Wisconsin and dramatically curtail the state's open records law, along with repealing so-called "prevailing wage" minimums for municipalities throughout the state. The budget was finally passed last Tuesday, but the arena debate is far from settled.
The latest proposal would use $250 million in various public funding mechanisms to help fund the cost of the arena, on a site north of the team's current arena, BMO Harris Bradley Center. But the fact that the state legislature is the body that will likely decide the team's fate in Wisconsin is at turns encouraging and ominous.
The majority of the Republican-controlled state legislature supports the legislation, which would extend existing hotel, food and beverage and car rental taxes collected by the Wisconsin Center District—the public government body that runs several venues downtown, including the city's convention center. The city of Milwaukee would wind up kicking in $47 million, with Milwaukee County kicking in another $55 million. The bulk of the public contribution would come through a new debt issuance by the Center District, estimated at present to be $93 million.
But the bill will need the support of several Democratic state senators, many from the Milwaukee area, to pass the state senate before it gets to the full legislature. Among their concerns is that new debt that would be assumed by the Center District.
State Senator Tim Carpenter, who is opposed to the current funding, has called for a ticket surcharge and eliminating an existing exemption on sales taxes for luxury boxes in the new arena to help defer the costs of building it. And he's asked for public hearings in Milwaukee to discuss the merits of the current financing plan.
For months, the Bucks had spoken of their negotiations with the city, state and county as progressing toward an inevitable deal. Their public words have taken a more ominous tone in the last couple of weeks.
Bucks President Peter Feigin told the state assembly last week that if there is no agreement on a new deal within the next couple of months, the likelihood of the team ultimately moving to either Las Vegas or Seattle is strong.
The reason is the 2017 deadline the NBA has set for a new arena to be completed in Milwaukee.