City panel approves $47M for new Milwaukee Bucks arena

A $47 million city proposal to help finance a new Milwaukee Bucks arena was endorsed Tuesday by a Common Council committee, which also made a big change opposed by the basketball club.

Meanwhile, a Bucks executive said the arena may not open until the fall of 2018 — one year later than planned.

The Zoning, Neighborhoods and Development Committee voted 4-1, with Ald. Nik Kovac as the only opponent, to recommend approval to the full council, which will review the proposal at its Sept. 22 meeting.

The committee made a major change: One block of N. 4th St., between W. Highland and W. Juneau avenues, would not be closed permanently for a planned public plaza.