Bucks president calls for public financing of new arena
Support needed to help spur development
MILWAUKEE (AP) — The new president of the Milwaukee Bucks says public financial support is needed for a new, multipurpose arena to help spur downtown development.
Peter Feigin spoke Tuesday at a luncheon sponsored by the Rotary and the Milwaukee Press Club.
Feigin says city, county and state support is crucial to build upon what the Bucks hope is a much larger investment in downtown Milwaukee.
While a new arena is expected to cost between $400 million and $500 million, Feigin says it could help bring more than $1 billion in development.
The Milwaukee Journal Sentinel (http://bit.ly/1Ao0OTm ) reports Bucks owners Wes Edens and Marc Lasry have pledged at least $150 million toward a new arena. Former Sen. Herb Kohl, who sold the team for $550 million, also has pledged $100 million.