Bucks arena funding deal finally reached? News conference set for 3:15 p.m. in Madison

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MILWAUKEE -- A deal may have finally been reached as it relates to funding for a new Milwaukee Bucks arena in downtown Milwaukee. We'll know the answer at 3:15 p.m. when Gov. Scott Walker holds a news conference at the state capitol building. FOX6 News plans to stream the news conference live.

Bucks officials have unveiled plans for a $500 million arena and $500 million sports and entertainment complex that would transform downtown Milwaukee. The entertainment district would be paid for mostly by private enterprises — but the arena requires public funding.

Funding for a new Bucks arena is an issue key players have been discussing for weeks.

Lawmakers in Madison are working to finalize the state's budget, and sources with close ties to the Capitol say there were long talks Wednesday between Assembly Speaker Robin Vos, Senate Majority Leader Scott Fitzgerald and Governor Scott Walker.

With Republicans in firm control of the Legislature, they will ultimately decide the state's role when it comes to funding the Bucks arena.

The news of a Bucks announcement in Madison Thursday comes as we're learning some Republican lawmakers are pushing for the financing plan to be left out of the state's budget -- and instead be a stand-alone measure -- voted on separately.

That includes Senate President Mary Lazich (R-New Berlin).

"I think the arena should have its own special attention. I think it should rise or fall on its own merit," Lazich said.

Lazich says lawmakers still have yet to see a final funding plan.

"The question is can we do it? Can we afford it? And how do we find the budget to it? I do not think the budget is the path," Lazich said.

The Thursday news conference could mean a funding plan is finally ready. What it involves, and whether it's part of the state budget remain to be seen.

Monitor FOX6 News and FOX6Now.com for updates on this developing story.

4 comments

  • Notaxmoney

    Taxpayers getting hosed here. Why not let us vote to see if we want to pay for it. Obviously majority doesn’t rule anymore

  • Deebo

    I don’t get it people cry saying I don’t want to pay taxes for a new arena that will benefit them every time they’re downtown but won’t question anybody about taxes going to never-ending wars

  • Al P

    The Bucks arena should definitely be a separate vote period. If this goes through as planned Scott Walker can kiss my behind for a Presidential vote as he is not showing any signs of frugality on this issue and he will probably be a BIG SPENDER in Washington also. Why was this not on a statewide referendum??? I guess because they know it wouldn’t pass. We were sold the same bill of goods when they spent millions on the Grand Avenue mall and we can all see how that was the savior of DOWNTOWN Milwaukee. There is only so much entertainment money in peoples budgets and if the arena falls through they will spend it on something else. If downtown Milwaukee is such a great place why do we have to keep propping it up??? If this is such a great idea it would have all been done privately.

    • mike

      IF THIS FALLS THROUGH WHAT GOOD IS WISCONSIN IF YOU KEEP ALL THIS MOLDY STUFF MEANING EMPTY LAND FOR THE CASINO IN KENOSHA,MARIUANNA BILL,THIS WOULD BE 3 STRIKES AND GET OUT OF HERE.I HAD TALKED TO SOMEONE AND SAID IT WOULD BE GOOD FOR WALKER TO BE PRESIDENT SO HE CAN MESS UP THE COUNTRY.JUST TO GET HIM OUT OF ARE STATE.MONEY PEOPLE ARE ALL THE SAME PUNCH THE LITTLE PEOPLE TO THE CURB.WISH EVERYTHING THE BEST OF LUCK THATS ALL WE CAN DO.

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