spot_imgspot_img

Report: $600M in public funds for Brewers stadium renovation

spot_img

(The Center Square) – A plan to renovate the Milwaukee Brewers’ American Family Field now could include $600 million of public funds, according to a report from CBS 58 Milwaukee.

The report says a new bill could be introduced early this week that would include $400 million in state funding along with $202.5 million in county and city funding for the $700 million project.

That included $5 million a year from Milwaukee County for 27 years along with $2.5 million annually from the city of Milwaukee over that same span.

“This is ridiculous and indefensible public policy,” said economist J.C. Bradbury of Georgia’s Kennesaw State University. “Any elected representative who supports this should be voted out of office, if not recalled. Remember George Petak.

“I am genuinely curious. What is the justification for spending $600 million of taxpayer money on renovating a 22-year-old stadium for a private business? What kind of person says, ‘Oh, that sounds reasonable?’ “

The plan comes a month after anonymous threats were published saying the National League Central-leading Brewers would pursue leaving Milwaukee for a different city if publicly funded renovations for the stadium were not approved.

A Milwaukee County supervisor recently discussed reviving a five-county sales tax to pay its portion of the deal.

The CBS Milwaukee report also said it was undetermined what developments would occur outside the stadium and any tax deals related to those developments.

“The Brewers are continuing to work with both sides of the aisle to find a creative solution to ensure that the Stadium District can meet its obligations,” Rick Schlesinger, the team’s president of business operations, said in a statement to CBS Milwaukee. “And sign a generational lease extension at American Family Field.”

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Illinois Supreme Court Overturns Jussie Smollett Convictions

The Illinois Supreme Court overturned the convictions of former...

Wisconsin cities, counties see unemployment rates continue to drop

(The Center Square) – Unemployment rates dropped in 10...

Spokane eyes new tax model to drive down rates while incentivizing construction

(The Center Square) - Spokane residents pay property taxes...

House Republicans tab Huffman as new speaker

(The Center Square) – The outgoing president of the...

New York sued over concealed carry law restrictions

(The Center Square) — New York is being sued...

Audit finds several deficiencies in Louisiana government financial reporting

(The Center Square) — Inadequate controls, improper reimbursements, and...

VIDEO: Legislator given opioid antagonist on House floor to show safety, ease of use

(The Center Square) – An Illinois state representative was...

Legislation introduced to reduce prescription drug shortages

(The Center Square) – A bipartisan group of lawmakers...

More like this
Related

Illinois Supreme Court Overturns Jussie Smollett Convictions

The Illinois Supreme Court overturned the convictions of former...

Wisconsin cities, counties see unemployment rates continue to drop

(The Center Square) – Unemployment rates dropped in 10...

Spokane eyes new tax model to drive down rates while incentivizing construction

(The Center Square) - Spokane residents pay property taxes...

House Republicans tab Huffman as new speaker

(The Center Square) – The outgoing president of the...