Wisconsin governor proposes plan to help fund Bucks arena
Wisconsin will help build a new basketball arena for the Bucks with $220 million in bonds that would be funded by growth in income taxes from NBA players.
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Wisconsin will help build a new basketball arena for the Bucks with $220 million in bonds that would be funded by growth in income taxes from NBA players.
The new president of the Milwaukee Bucks said Tuesday that public financial support for a new arena is needed to spur additional development nearby.
The NBA's board of governors has unanimously approved the $550 million sale of the Milwaukee Bucks to hedge fund managers Wesley Edens and Marc Lasry.
The $550 million sale of the Milwaukee Bucks to hedge fund billionaires Wesley Edens and Marc Lasry is expected to be finalized by the NBA on Thursday.
The Milwaukee Bucks will announce later Wednesday that longtime owner Herb Kohl has reached an agreement to sell the team to Wesley Edens and Marc Lasry.