Bucks to unveil $500 million stadium plan just north of BC

[LAMUfan]

I want a team here, just get it done 

[GOO]

So, word is no deal today.  Maybe a few weeks.

I hope this is because the City and County are not getting bulldozed by the Bucks/State.  The deal as laid out seemed poor for the City, with extra tax breaks for the bucks (little to no additional revenue from ancillary development nor ability to do a TIF on ancillary if the state made it all tax exempt).

I'm all for a deal and it will get done.  But maybe the City/County are trying to get a more favorable structure.  It would be nice to see the entire district rolled into one entity so that there are not 2 or 3 arenas competing against each other for concerts/events.  Plus, the way the State laid it out, the Governor would appoint almost everyone on the new arena board with one guy for the City and one for the County, giving the governor control over the arena entity. 

Make it more local and tie up the arenas and convention center into one entity.

[GGGG]

Who here ever gave OKC a thought outside of the actions of Timothy McVeigh before the Thunder?

Now who here actually realized OKC exists because of the Thunder?

What really is the point though?  I mean I have pretty much always known OKC existed.  Now I know it exists and has and NBA team.

Regardless, if all it takes to get a city to be known is that it has a major league sports franchise, Milwaukee already has one.  Is their a marginal value to have a second one?

And I *want* the Bucks to have a new arena.  I just hate the inaccurate, over-the-top doom and gloom projections if it doesn't happen.

[ChicosBailBonds]

Who here ever gave OKC a thought outside of the actions of Timothy McVeigh before the Thunder?

Now who here actually realized OKC exists because of the Thunder?

I never think of San Diego because they lost a NBA team. Or Kansas City.  Or Cincinnati.  Or Baltimore.  Or Seattle.  Or Vancouver.  Etc etc

[MU Fan in Connecticut]

Who here ever gave OKC a thought outside of the actions of Timothy McVeigh before the Thunder?

Now who here actually realized OKC exists because of the Thunder?

Where?

[Warriorfish]

Charlie Sykes reported yesterday that Mayor Barrett is now floating the idea of a sales tax in Milwaukee, which would destroy any new momentum this project has if he's really serious about it.

[mu03eng]

I never think of San Diego because they lost a NBA team. Or Kansas City.  Or Cincinnati.  Or Baltimore.  Or Seattle.  Or Vancouver.  Etc etc

Again with the exception of Vancouver on that list....the NBA team they lost was their 3rd professional sports team leaving them two viable and visible professional teams.  In fact, one could argue those teams were lost because they didn't have the density to support them not because the team didn't add value to the city.  Additionally, with the exception of Seattle, none of those moves were in what I would term the modern NBA era.

I'm not a doom and gloom guy, the city will survive if the Bucks leave, but that is a lot of negative inertia to overcome that isn't necessary.  The effort spent overcoming that loss more than offsets the effort to keep the team and retain the city's positive momentum.

[mu03eng]

Charlie Sykes reported yesterday that Mayor Barrett is now floating the idea of a sales tax in Milwaukee, which would destroy any new momentum this project has if he's really serious about it.

Cause Charlie Sykes doesn't have reason to throw a monkey wrench in this whole thing.

Having said that, if Barrett really did propose that he's a bigger a$$hat than I realized.

[hairy worthen]

Cause Charlie Sykes doesn't have reason to throw a monkey wrench in this whole thing.

Having said that, if Barrett really did propose that he's a bigger a$$hat than I realized.

Don't under estimate the a$$hat level of Barrett. The sky is the limit for his a$$hatness

[Groin_pull]

Superbar.

[GGGG]

Superbar.

1. Report to moderator

2. Its a thread about the arena that Marquette might call home.  On topic.

[mu03eng]

1. Report to moderator

2. Its a thread about the arena that Marquette might call home.  On topic.

Groin_Pull wants Hangin' to be a desert wasteland with like 3 posts in the summer I guess.

He's gonna have a fit when the Meme tourney starts on Monday 

[mu_hilltopper]

It's not the Mayor who came up with the sales tax idea ..

http://fox6now.com/2015/04/16/alderman-bob-bauman-comes-up-with-plan-to-fund-milwaukee-bucks-arena-and-it-involves-sales-tax/

http://city.milwaukee.gov/ImageLibrary/Groups/ccCouncil/2015-PDF/NewsReleases/District04/04-0501-arenatax_attachment.pdf

[mu03eng]

It's not the Mayor who came up with the sales tax idea ..

http://fox6now.com/2015/04/16/alderman-bob-bauman-comes-up-with-plan-to-fund-milwaukee-bucks-arena-and-it-involves-sales-tax/

http://city.milwaukee.gov/ImageLibrary/Groups/ccCouncil/2015-PDF/NewsReleases/District04/04-0501-arenatax_attachment.pdf

Doesn't mean he has to float it in the negotiations (that is what was implied and what I'm reacting to)

[mu_hilltopper]

Was reading a different article today .. noticed that just 7 months ago, the JS reported that the Bradley Center needed $25-35m in maintenance .. Gosh, I wonder where that $100m figure came from?

http://www.jsonline.com/news/milwaukee/bmo-harris-bradley-center-needs-up-to-35-million-in-maintenance-b99364381z1-278141721.html

[BrewCity83]

Clearly there's been a $hitload of deterioration to that 27 year old structure over this brutal winter.

[bradley center bat]

Was reading a different article today .. noticed that just 7 months ago, the JS reported that the Bradley Center needed $25-35m in maintenance .. Gosh, I wonder where that $100m figure came from?

http://www.jsonline.com/news/milwaukee/bmo-harris-bradley-center-needs-up-to-35-million-in-maintenance-b99364381z1-278141721.html

Don Walker on the radio, uses the $100m figure over time.

[source?]

Was reading a different article today .. noticed that just 7 months ago, the JS reported that the Bradley Center needed $25-35m in maintenance .. Gosh, I wonder where that $100m figure came from?

http://www.jsonline.com/news/milwaukee/bmo-harris-bradley-center-needs-up-to-35-million-in-maintenance-b99364381z1-278141721.html

"A conservative estimate that will only get higher with time."
"...must be addressed just to keep the building open for the short term."

[brewcity77]

Was reading a different article today .. noticed that just 7 months ago, the JS reported that the Bradley Center needed $25-35m in maintenance .. Gosh, I wonder where that $100m figure came from?

http://www.jsonline.com/news/milwaukee/bmo-harris-bradley-center-needs-up-to-35-million-in-maintenance-b99364381z1-278141721.html

The figure will change in time, and the $100M is likely the high-end estimate, but regardless, if the Bucks leave, any money the state spends is simply sunk costs that would not be necessary if the Bucks stay. Whatever the actual figure is, whether the low-end $25M, the high-end $100M, or the more likely middle ground of $50-75M, should just be subtracted from what the state will have to pay to get this done.

By the same token, whether you factor the low-end jock tax ($130M over 20 years) or the high-end jock tax ($200M over 20 years) that should also simply be subtracted from the state's cost, as that money will simply be lost if the Bucks leave.

Based on that, at the minimum, the state will be effectively recouping between $155M and $300M if they keep the Bucks. The price tag on keeping them is $220M. Why would anyone think letting this team go is a good idea?

[Groin_pull]

I'm still skeptical this gets built. I've tried to stay optimistic, but it seems like it's one roadblock after another. Afraid this  project gets derailed.

But hey Milwaukee, at least you get to keep that great looking weed patch.

[brewcity77]

I'm still skeptical this gets built. I've tried to stay optimistic, but it seems like it's one roadblock after another. Afraid this  project gets derailed.

But hey Milwaukee, at least you get to keep that great looking weed patch.

Oh sure...another trolley joke

Well played...

[mu_hilltopper]

As long as everyone understands there's a boatload of reasons the $25m, $35m and $100m figures are very likely preposterously inflated, we're good.

Step into 2019.  The Bucks are gone.  There is zero chance any significant maintenance occurs, beyond buying duct tape to keep the boilers running. 

Milwaukee can't scare up a few bucks to fix their parks (that *actually* need $100m in maintenance,) let alone fix a sports arena that has two tenants and get used 60 days a year.

[mu03eng]

As long as everyone understands there's a boatload of reasons the $25m, $35m and $100m figures are very likely preposterously inflated, we're good.

Step into 2019.  The Bucks are gone.  There is zero chance any significant maintenance occurs, beyond buying duct tape to keep the boilers running. 

Milwaukee can't scare up a few bucks to fix their parks (that *actually* need $100m in maintenance,) let alone fix a sports arena that has two tenants and get used 60 days a year.

So are you making Brew's argument for him?  This is why we need the Bucks to stay and have the new stadium happen.

[mu_hilltopper]

No.

"Just think of the (tax) money you'll lose" is the rallying cry for every business who wants a hand-out and threaten to leave. 

Milwaukee will get over the Bucks in the blink of an eye, compared to how it'll get over losing Assurant and their -1200 jobs. 

[WI inferiority Complexes]

No.

"Just think of the (tax) money you'll lose" is the rallying cry for every business who wants a hand-out and threaten to leave. 

Milwaukee will get over the Bucks in the blink of an eye, compared to how it'll get over losing Assurant and their -1200 jobs. 

This was posted at 11:11:11.  Just make a wish and you'll get whatever you want.