Walker signs bill to fund new Milwaukee Bucks arena

Wisconsin Gov. Scott Walker has signed a bill that commits $250 million in taxpayer money to pay for a new arena for the NBA’s Milwaukee Bucks.

The presidential candidate signed the measure into law Wednesday at the Wisconsin State Fair Park, surrounded by team officials, state lawmakers and others.

Taxpayers ultimately will pay about $400 million, including interest, over the next two decades. Current and former team owners will spend another $250 million on the arena and keep the Bucks from leaving the state.

The deal cleared the Republican-controlled Legislature with bipartisan support.

Opponents argued taxpayer money should not go toward building an arena for a privately owned sports franchise. But Walker and supporters say it will cost taxpayers more to lose the team.