Milwaukee arena financing plan takes step forward, passes state Senate

ProBasketballTalk

Owners current and former of the Milwaukee Bucks have put up $250 million of their money to get a new arena built for the Bucks — something that, if it doesn’t happen, could see the team moving out of state, the team president threatened.

Getting the arena built is going to require another $250 million in state money, something Governor (and presidential candidate) Scott Walker put together a plan to do. However, that plan has to get through the Wisconsin legislature. And while Commissioner Adam Silver supports the plan, not everyone supports public money for arenas.

The Governor’s plan cleared the first hurdle Wednesday when the state Senate approved the measure by a 21-10 vote. The Bucks released this statement from team president Peter Feigin:

“Today’s vote is a significant step forward in our collective effort to build a new sports and entertainment district in Wisconsin. We…

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