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“Engine for future growth:” Milwaukee Bucks, design team release vision for new multi-purpose arena
"Engine for future growth:" Milwaukee Bucks, design team release vision for new multi-purpose arena
MILWAUKEE (WITI/AP) -- Calling it "a very, very exciting day," the Milwaukee Bucks and its design team released on Wednesday, April 8th, the first images and details of their vision for the development of a new multi-purpose, $500 million arena and another $500 million sports and entertainment district to help revitalize downtown Milwaukee.
Officials say the images depict early conceptual drawings of a new multi-purpose venue and entertainment district that anchor an ambitious new development vision activated by sports, entertainment, residential and office uses.
"You're talking about an entertainment center that would draw near two million people downtown," Metropolitan Milwaukee Association of Commerce President Tim Sheehy said.
The plans are preliminary and admittedly expensive, but nonetheless eye-opening.
"The most common theme from everyone is we're going to make this work," Milwaukee County Executive Chris Abele said.
• The arena and entertainment live block anchor an ambitious new vision activated by sports, entertainment, residential and office uses.• Fronting existing Fourth Street and proximate to Old World Third Street, the site connects to the greater Milwau …
The proposed site, which primarily sits between Fourth Street and Sixth Street from State Street to McKinley Avenue, will link with active development on all sides, including Old World Third Street, Schlitz Park, The Brewery, the Milwaukee riverfront, Water Street and the Wisconsin Center.
The Bucks and their developers say the vision is for a 700,000 square foot, 17,000 seat arena designed for maximum flexibility and year-round use. The design is complete with a public plaza and to the west, a Milwaukee Bucks practice facility. Officials say an entertainment district will serve as a destination that draws the people of the region together for unforgettable experiences and a place people will love to gather for generations to come.
Milwaukee Bucks co-owner Mike Fascitelli said the new facility will be an "engine for future growth in Milwaukee."
• The arena design evokes Wisconsin’s natural beauty and Milwaukee’s rich heritage of industry and craftsmen, with expressive structure, transparency and fluid forms inspired by the rivers, lakes and forests of the region.• A diverse material palette …
The Bucks recently announced the hiring of Populous to lead a group of prominent global, national and local architects including HNTB and Eppstein Uhen.
How the arena would be paid for is still up in the air. It is projected to cost $500 million. There are a number of options on the table for financing. Milwaukee Mayor Tom Barrett says the city and county are willing to provide a combined $50 million in funding. Proposals from the state range from $150 million to $220 million. Former Bucks owner Herb Kohl has pledged $100 million, and the current owners have pledged $150 million.
"We are in a deep partnership with the city, with the county and with the state. We continue to work hand-in-hand to work on solutions and continue to work together and we want to accelerate the growth of this city in a very big way," Bucks President Peter Feigin said.
• The arena arrival experience is augmented by a transparent façade that marks the front door and monumental atrium within.• The dynamic entertainment live block will serve as both arena forecourt and community living room. This will be the year roun …
The Bucks owners on Wednesday talked about their plans for 30 acres of largely vacant land adjacent to the existing arena, the BMO Harris Bradley Center, which opened in 1988. The proposed plan by owners Wes Edens, Marc Lasry and Jamie Dinan would demolish the current BMO Harris Bradley Center arena to make room.
When would this arena concept begin to get built? Officials say if all comes together, there could be shovels in the ground by early fall 2015. The goal is to be open for the 2017 NBA season -- assuming all goes well with the two-year construction plan.
"If we went with best laid plans and we had a state budget ratified latest June 30th, we'd look to get a shovel in the ground by early fall," Feigin said.
"The team is young. The team is growing. The team is young and exciting and much improved from last year. Its prospects are terrific with young players. We envision a new practice center. We believe it's an unbelievable boon for the city, the state and great for the Bucks too," Fascitelli said.
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RAW VIDEO: Bucks co-owner Mike Fascitelli talks about vision for arena project
RAW VIDEO: Bucks co-owner Mike Fascitelli talks about vision for arena project
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RAW VIDEO: Bucks president Peter Feigin talks about proposed arena project
RAW VIDEO: Bucks president Peter Feigin talks about proposed arena project
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RAW VIDEO: Brad Clark from Populous talks about his company`s involvement in arena project
RAW VIDEO: Brad Clark from Populous talks about his company`s involvement in arena project
Bucks owners and the development team toured the country to get ideas for this project.
Milwaukee Mayor Tom Barrett has issued this statement:
Marc Marotta, Chairman of the BMO Harris Bradley Center Board of Directors, released the following statement regarding the vacant property the Center owns north of the current facility:
Monitor FOX6 News and FOX6Now.com for updates on this developing story.