Saturday, August 17th, 2019

Crying foul on a new Bucks arena

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Over at the MacIver Institute, who really deserves a taxpayer-subsidized think tank thunderdome, I explain how we can judge the proposed deal for a new arena for the Milwaukee Bucks.

We’re a long way from where we were when Governor Scott Walker announced his plan for state financing for a new arena for the Milwaukee Bucks. Back in January, Walker announced that he supported a diversion of the growth in income taxes paid by team personnel to finance the borrowing for a new arena. His goal, he said, was a “fiscally conservative, free market approach.”

What is currently proposed is not “fiscally conservative,” nor is it a “free market approach.” The question for state legislators, members of the Milwaukee County Board and members of the Milwaukee Common Council is whether the taxpayer investment in this project outweighs the costs of doing nothing and letting the Milwaukee Bucks go.

As you can imagine, the numbers don’t work for the taxpayers.

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