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?
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