Friday, May 04, 2012

A New Playground Downtown?

This has been kicked around for a few years.

U.S. Sen. Herb Kohl, the owner of the Milwaukee Bucks, said Friday that the time is now to find a way to finance and build a new multipurpose arena to replace the Bradley Center.

To his credit:

...he said he was willing to make a personal financial commitment toward a new facility, an amount he noted would not be insignificant.

The Bradley Center--at 20 years of age--is just too old for the NBA's revenue demands.

So.  What's on the menu for the taxpayers?

The Staples Center was only $375 million.  Of course, it's privately financed and owned.

The Miami Heat play in a comparatively cheap building--only $275 million (2012 dollars).  Publicly owned, but getting old.  It's 12, ya' know.  Beginning to dodder.

The Bulls play in a privately-owned, horrendously old (20 this year) center.  About $275 million to build in 2012 dollars.

By the way:  recall that Miller Park was a $400 million dollar project, right?

Who owns one-third of Miller Park?  And what was paid for that .33333 ownership?

No comments: