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You are here: Home / Business / Bucks owners asked to pay more for arena

Bucks owners asked to pay more for arena

March 3, 2015 By Bob Hague

DOA Secretary Mike Huebsch

DOA Secretary Mike Huebsch

Maintaining the NBA’s presence in Wisconsin will remain a budget priority – and maybe a tough sell.

Joint Finance Committee co-chair, Representative John Nygren (R-Nygren), said Monday that the Bucks owners should contribute more toward construction of a new arena. Marc Lasry and Jamie Dinan have pledged at least $150 million.

A Forbes magazine list released Monday identified Dinan and Lasry as two of the 400 richest Americans.

Governor Scott Walker’s proposed 2017-2017 state budget includes $220 million in state bonding toward construction of a new NBA arena in downtown Milwaukee.

“What the governor recognized is, first and foremost, a significant decrease to the state budget of the Milwaukee Bucks leave,” outgoing state Department of Administration Secretary Mike Huebsch told finance committee on Monday.

Nygren told a press briefing prior to Monday’s committee meeting that he’d like to see Lasry and Dinan contribute more towards the arena’s cost.

The NBA has said that if a new arena is not built by fall 2017, the league can buy back the team for $575 million.

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Filed Under: Business, News, Politics / Govt



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