New Arena Site and Financing Plan to be Unveiled by January

[GGGG]

http://www.bizjournals.com/milwaukee/news/2015/01/02/bucks-to-unveil-arena-site-financing-by-end-of.html?ana=twt

[4everwarriors]

Anyone here really think MU will kick in? The next question should then be, why?

[JakeBarnes]

Anyone here really think MU will kick in? The next question should then be, why?

The only "why" part I can think of for the time being is to get input in how the seating goes. Perhaps something more conducive to a "student section" than just a thrown in portion of the seats.

[MarquetteDano]

Will the Admirals be kicking in any money for this?  They use the stadium more than Marquette does I presume?  Or will the new stadium not include the ability to convert?

[mu03eng]

Anyone here really think MU will kick in? The next question should then be, why?

I think MU does, in lieu of some sort of rental agreement or some modification thereof said agreement.  Depending on the location chosen, they may be donating the land as their contribution because some of the $500 mil price tag is land acquisition.

[4everwarriors]

Ya really think it's goin' up on 8th and Michigan?

[MUfan12]

Depending on the initial investment, I can see MU kicking in if they're given a percentage of the parking/alchohol/concessions money for events at the arena. Right now, I think they only get gate revenue.

[4everwarriors]

Right now, Lasry and Edens wanna own this sucker, but have the public kick in. That may fly in NY, not here in Bumblefook. If they can't get that to go, they'll take it private, call all the shots, and MKE will be SOL.

[ZiggysChestHair]

Right now, Lasry and Edens wanna own this sucker, but have the public kick in. That may fly in NY, not here in Bumblefook. If they can't get that to go, they'll take it private, call all the shots, and MKE will be SOL.

What part of a private stadium would make MKE SOL?

[connie]

What part of a private stadium would make MKE SOL?

For one, it won't be here.

[GGGG]

Right now, Lasry and Edens wanna own this sucker, but have the public kick in. That may fly in NY, not here in Bumblefook. If they can't get that to go, they'll take it private, call all the shots, and MKE will be SOL.

So MKE expects these guys to fork up hundreds of millions but then not own the place? 

[chapman]

Invest in it if the return is right.  Determining design/seating, advantage in rent agreement, getting additional revenue...plenty of negotiating points.  Being another voice making demands but not chipping in just gives less leverage when we complain that our new home isn't ideal when we have to be stuck with it for 30+ years.

What part of a private stadium would make MKE SOL?

The part that gets put in Seattle.

[4everwarriors]

So MKE expects these guys to fork up hundreds of millions but then not own the place? 

Likewise, the city and state aren't gonna partner up and turn over the keys to the joint either.

[GGGG]

Likewise, the city and state aren't gonna partner up and turn over the keys to the joint either.

And end up with nothing.  So very Milwaukee.

[connie]

And end up with nothing.  So very Milwaukee.

No, In Milwaukee we dick around forever, then build it too small in a place no-one wants to go, then try to put a trolley car line in and claim that will bring people to the arena.

[Groin_pull]

Milwaukee is a nice little town, but it's not exactly packed with big ideas. Hoping I'm wrong, but I think Milwaukee will still find a way to fumble this. Those NY owners must still be reeling from the culture shock they experienced when they first came to town.

[Mr. Nielsen]

The only "why" part I can think of for the time being is to get input in how the seating goes. Perhaps something more conducive to a "student section" than just a thrown in portion of the seats.

I don't think Marquette is worried about a student section at $99 per student for the year.

[forgetful]

For one, it won't be here.

They can't build it anywhere else.  The sale agreement forbids moving the team.  If the city and owners don't agree to an arena, they can only sell it back to the NBA, who is then free to sell it to anyone else.

There is no guarantee, they would be owners then and would have to invest considerably more than the current deal to move the franchise.

[martyconlonontherun]

They can't build it anywhere else.  The sale agreement forbids moving the team.  If the city and owners don't agree to an arena, they can only sell it back to the NBA, who is then free to sell it to anyone else.

There is no guarantee, they would be owners then and would have to invest considerably more than the current deal to move the franchise.

Can you show us a link to this? I heard this but I also heard this isn't true. I believe it is more of a good faith agreement than anything else but there hasn't been anything official reported.

[🏀]

Can you show us a link to this? I heard this but I also heard this isn't true. I believe it is more of a good faith agreement than anything else but there hasn't been anything official reported.

http://www.forbes.com/sites/mikeozanian/2014/06/28/losing-my-mind-over-the-milwaukee-bucks-sale/

[Texas Western]

My hope is that the Bucks chose the Grand Avenue site. That would make the arena practically on campus. Huge for us. obviously the other sites are close too so won't be too disappointed either way.

Would be even better if they built on our new  land acquisition. I seem to remember someone on this site doing an overlay that showed an arena could be built on the site. However there may need to be more leg work done on the ancillary parking , re routing of traffic etc.   Although who knows anything can happen.

Our new President Lovell is the kind of guy the Bucks owners would prefer to deal with. He is a smart, competitive  and forward thinking guy. Much different than the Milwaukee pols. Hopefully he can leverage that to make a good deal for us. Maybe even figure out a way to have the Bucks conduct their practices at the Al (NCAA permitting of course).

[🏀]

My hope is that the Bucks chose the Grand Avenue site. That would make the arena practically on campus. Huge for us. obviously the other sites are close too so won't be too disappointed either way.

Would be even better if they built on our new  land acquisition. I seem to remember someone on this site doing an overlay that showed an arena could be built on the site. However there may need to be more leg work done on the ancillary parking , re routing of traffic etc.   Although who knows anything can happen.

Our new President Lovell is the kind of guy the Bucks owners would prefer to deal with. He is a smart, competitive  and forward thinking guy. Much different than the Milwaukee pols. Hopefully he can leverage that to make a good deal for us. Maybe even figure out a way to have the Bucks conduct their practices at the Al (NCAA permitting of course).

Yeah, the Al isn't big enough for a NBA training facility

[TAMU, Knower of Ball]

Did the journal sentinel finally decide to give up their building?

[414mufan]

The new arena will be just north of the BC. Edens and Lasry want public to kick in money, but if and most likely when it does not happen, they are paying for the whole thing. Thats according to my source who is close to the situation.

[connie]

They can't build it anywhere else.  The sale agreement forbids moving the team.  If the city and owners don't agree to an arena, they can only sell it back to the NBA, who is then free to sell it to anyone else.

There is no guarantee, they would be owners then and would have to invest considerably more than the current deal to move the franchise.

The highest value for the team is simply not here in Milwaukee.  If a stadium does not get under construction by the shortly coming deadline, the team is likely moving.  Wether is is moved by the current owners, the NBA or a new owner is irrelevant. Does the term you cite mean the current group wants to get a deal done here? Yes, or the team would likely be gone already.  I think the only real hope is that the huge disparity in the price they paid vs. the Clippers means they believe their purchase price was such a great deal that they can contribute significantly more than the figures that have been cited towards a new arena.  Kind of like Jane Pettit riding in for the rescue after the City spent years screwing around talking about replacing MECCA.  Even then the only way the Bradley Center got built was her amazing gift that pretty much shamed the City into building a few parking lots.  While I am hopeful that something gets done, I cannot rely on a City that refuses to sell a crumbling parking structure with significant maintenance needs to one of its best corporate citizens and has already designated most of the downtown tax base for trolley TIFs.  Unless the new guys think it makes sense to (mostly) privately finance an arena I see no desire or impetus for the public to intervene.  Hope I am wrong.