The development would include a 700,000-square-foot, 17,000-seat arena; a 60,000-square-foot public plaza, anticipated as a sort of live entertainment space on what is largely a city-owned parking ramp at the corner of N. 4th St. and W. Highland Ave.; and arena parking across the street in the Park East area. Total amount of space just for that portion of the development: 1 million square feet.The new stadium would occupy a site between Fourth Street and Sixth Street from State Street to McKinley Avenue, at the heart of a growing entertainment district north of the team's present home, the BMO Harris Bradley Center. That arena, which opened in 1988, would be demolished to make room for either a hotel, commercial space, or new offices. In a press release the Bucks' management said the new arena “will seamlessly link with active development on all sides, including Old World Third Street, Schlitz Park, The Brewery, the Milwaukee riverfront, Water Street and the Wisconsin Center.” But those plans float on unsettled budget negotiations that include up to a quarter of a billion dollars in public financing. Gov. Scott Walker initially promised $250 million in state bond money, but some members of the state legislature have balked at the amount. Milwaukee Mayor Tom Barrett supports the plan, offering $25 million in city support, including $17 million in infrastructure improvements on and around the proposed new arena site.
Another surprise, sources familiar with the Bucks' plans said, is the Bucks' intention to build a state-of-the-art practice facility as soon as possible on Park East land just east of The Brewery development. The Bucks' practice facility is in leased space at the Archbishop Cousins Center in St. Francis; the team would have to buy out the lease.
Posts tagged with "milwaukee bucks":
Fans of Milwaukee's premier basketball franchise got a glimpse Wednesday of ambitious plans to develop up to 30 acres of land around a “futuristic” new arena for the Milwaukee Bucks. For weeks the NBA team's imminent announcement was well-known locally, but its details only recently came into focus. Renderings of the new arena by a Populous-led design team that also includes HNTB and Eppstein Uhen Architects show a curved, asymmetrical roof sweeping over a glassy atrium with graphic detailing in the Bucks' signature green. But as eye-popping as the stadium itself are plans to develop up to 3 million square feet of office, entertainment, retail, residential, hotel, commercial space and parking structures over the next decade and a half. Along with plans to revamp the city's lakefront park and redevelop Northwestern Mutual's headquarters with a 32-story, Pelli Clarke Pelli-deigned tower, the Bucks' announcement constitutes a transformation for downtown Milwaukee. The Milwaukee Journal-Sentinel outlined what they called a "game-changing proposal":
“Jock tax” could fund new stadiums for Milwaukee Bucks; Populous, HNTB, Eppstein Uhen shortlisted to design
Wisconsin's NBA team, the Milwaukee Bucks, are getting a new stadium designed either by Populous, HNTB, or Eppstein Uhen, owners announced last week. Populous is an MVP of sorts in the world of stadium design, with the 2012 London Olympic Stadium to its name. Kansas City's HNTB designed the San Francisco 49ers' new stadium. Local firm Eppstein Uhen is known around Milwaukee for their redesign of Miller Park, among other projects. Basketball fans could attend games in the new stadium as soon as fall 2017 if all goes according to plan. But the project needs money, potentially from a controversial proposal to sell $220 million in state bonds still in limbo. Bucks owners have said they will provide at least $150 million, while former owner and former Sen. Herb Kohl has pledged $100 million. But Wisconsin Governor and likely Republican presidential contender Scott Walker has faced opposition from both sides of the aisle for his proposal to finance the private construction project in part with public funds. Liberals point out his willingness to slash state funding for higher education, social services, and renewable energy programs belies his poor priorities, while the conservative group Americans for Prosperity expressed worries about the Bucks bond deal's risk to taxpayers. The new stadium, intended to prevent the Bucks from leaving Milwaukee when their contract runs out in 2017, is estimated to cost $450 million to $500 million. If the legislature approves Walker's proposal, city and county financing is likely to make up the remaining money. Walker said if the Bucks leave the state, they'd take with them millions per year in income tax collections alone, reported ESPN:
Under what Walker called a "first-of-its-kind" plan, the more than $6.5 million that's collected from taxes on the salaries of the Bucks and visiting NBA players would continue to go to the state's general fund. Walker said that figure is expected to grow due to rising salaries and revenue from the NBA's TV contracts, so any money above $6.5 million would be used to pay off the bond by 2046.Representatives for the team have said they hope to have a plan for a new home in place within the next month. Should the project go forward (with funding from state bonds or without), the Milwaukee Journal-Sentinel's critic Mary Louise Schumacher calls for thoughtful design: "Nothing will define the project — and its impact on Milwaukee — like the design."