UPDATE: Alderman: New arena might need regional sales tax

UPDATED Thursday, April 17, 2014 --- 2:09 p.m.

MILWAUKEE (AP) -- Milwaukee Alderman Michael Murphy says taxpayers in southeast Wisconsin could be asked to pay a regional sales tax to help fund a new stadium to replace the BMO Harris Bradley Center.

Murphy was one of three panelists Thursday discussing the possibility of a new stadium. The panel was held one day after Herb Kohl sold the Milwaukee Bucks to two New York executives, on the condition they keep the team in Milwaukee. The executives and Kohl committed to providing a total of $200 million to build a new arena, but if private investors don't pick up the rest of the $400 million tab, taxpayers might be asked to.

Murphy acknowledges that sports teams aren't the economic engine they're sometimes touted to be. But he says they bring other intangibles that are worth paying for.

Copyright 2014: Associated Press

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Posted Thursday, April 17, 2014 --- 10:56 a.m.

MILWAUKEE (AP) -- As debate swirls over the idea of building a new stadium in Milwaukee to replace the BMO Harris Bradley Center, three local industry leaders will discuss the situation before a panel of journalists.

Thursday's event was planned weeks ago, well before Wednesday's announcement that Herb Kohl was selling the Milwaukee Bucks to Marc Lasry and Wesley Edens.

The two New York executives pledged $100 million to help build a new arena. Kohl said he'd donate another $100 million.

But a new stadium could cost $400 million or more, meaning taxpayers could be on the hook for a sizable chunk.

The panelists include Marc Marotta, the chairman of the BMO Harris Bradley Center board of directors; Milwaukee Alderman Michael Murphy; and Gary Witt, the executive director of the Pabst Theater Foundation.

Copyright 2014: Associated Press


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