Number
150063
Version
ORIGINAL
Reference
Sponsor
ALD. BAUMAN
Title
Resolution relating to introduction and passage of state legislation relating to a Milwaukee County sales tax dedicated to fund a new basketball arena, Milwaukee County parks and cultural institutions, and local mass transit.
Analysis
This resolution:
1. Expresses the City of Milwaukee’s support for creation of a one-percent Milwaukee County sales tax dedicated to funding the new Milwaukee Bucks basketball arena and to provide capital and operating funding for Milwaukee County parks and cultural institutions, and local mass transit.
2. Urges the Wisconsin Legislature to introduce and pass the legislation necessary to create this sales tax and, if the Legislature believes it is important to gauge public support for retaining professional basketball in Wisconsin and for providing stable and sustainable funding for Milwaukee County parks, cultural institutions and mass transit, to set a Milwaukee County referendum on this matter.
3. Further urges the Wisconsin Legislature to introduce and pass legislation creating a new arena authority, Milwaukee County transit authority and Milwaukee County parks and cultural institutions authority to administer their respective portions of the dedicated sales tax revenues.
4. Further urges the Wisconsin Legislature to introduce and pass legislation under which the State of Wisconsin assumes responsibility for the existing Bradley Center bonds and for demolition and disposition of the Bradley Center.
Body
Whereas, The Milwaukee Bucks have announced plans to build a new $500 million arena just north of the BMO Harris Bradley Center in downtown Milwaukee; and
Whereas, This development would include a 17,000-seat arena, a 60,000-square-foot public plaza and new parking facilities; and
Whereas, The Milwaukee Bucks anticipate the new arena being the catalyst for an additional $500 million in development occupying up to 30 acres, primarily on the Brad...
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