Senate Puts Milwaukee Bucks on Brink of Arena Deal

An architectural rendering of the proposed new Bucks arena.
An architectural rendering of the proposed new Bucks arena.

It looks like the Milwaukee Bucks will be staying put. After two days of negotiations, state senators in Wisconsin have finally struck a deal to finance a new arena for the Milwaukee Bucks, putting to rest speculation that the team might move to a new city. 

The Senate approved $250 million in public subsidies for the $500 million arena, though the true cost to state, city and county residents will be $400 million when accounting for interest over 20 years. The other half of the funding will come from the team’s current owners and former owner Herb Kohl. 

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