Without funding, Bucks will move to LV - NBA

By Rebecca
at 2015-07-08T14:16
at 2015-07-08T14:16
Table of Contents
Bucks president: Without arena funding, team will move to 'Las Vegas'
http://mweb.cbssports.com/nba/eye-on-basketball/25234667/bucks-president-without-arena-funding-team-will-move-to-las-vegas-or-seattle
http://goo.gl/m6CtHz
The Milwaukee Bucks are a young, promising team that has a devoted fan base
throughout the state of Wisconsin. However, Bucks president Peter Feigen
believes that the NBA will take control and move the team out of state if
the Wisconsin legislature doesn't approve $250 million in public financing
to help build a new arena in downtown Milwaukee.
From the Milwaukee Business Journal:
Milwaukee Bucks president Peter Feigin told Wisconsin lawmakers Monday that
time was of the essence in approving $250 million in public funding for the
proposed arena in downtown Milwaukee or the NBA will move the team to
another city.
At an informational hearing held by the state Legislature's Joint Finance
Committee, Feigin said the Bucks owners' purchase agreement for the team
includes a provision that construction of a new arena start in 2015.
If that does not occur, he said the NBA will buy back the team for a $25
million profit and move them to "Las Vegas or Seattle."
Feigin said the team needed to start construction by October or November to
avoid the NBA starting a process of seeking buyers for the team. The team's
lease at the BMO Harris Bradley Center expires in 2017, he said.
This is obviously a dramatic statement by Feigin to convince Wisconsin
lawmakers to approve funding but his bold talk could have the desired effect.
According to the Milwaukee Business Journal, State Sen. Alberta Darling thinks
a new arena in Downtown Milwaukee is the "opportunity of a lifetime" for
the city and the state.
"This is a good deal for (Milwaukee) County, city (of Milwaukee) and the
state," Darling said in wrapping up the meeting. "I hope the legislators
that live in rural areas heard that today and will rise to the occasion.
If we don’t get this done, we will not get another chance with an NBA team."
The Bucks have been in Milwaukee since 1968 and have played in the BMO Harris
Bradley Center since 1988. The need for a new arena is evident but
unfortunately it is just not up to the Bucks. Owners Wes Edens, Marc Lasry
and Jimie Dinan have agreed to work with former owner Herb Kohl to keep the
Bucks in Milwaukee, pledging $250 million for the construction of a new arena.
The remaining cost for construction is $250 million which the Bucks are
looking to get from public financing.
While the future of the Bucks on the court is quite bright, their future in
Milwaukee could be in doubt if the Wisconsin legislature doesn't approve
funds for construction of a new arena. Scary times for Bucks fans.
大意:密爾瓦基快撥款給我們蓋球場,不然 NBA 會把公鹿買回去並搬到
Las Vegas 或 Seattle
感想:Milwaukee Bucks => La$ Vega$ Buck$ 真棒連隊名都不用改
公鹿 錢
--
http://mweb.cbssports.com/nba/eye-on-basketball/25234667/bucks-president-without-arena-funding-team-will-move-to-las-vegas-or-seattle
http://goo.gl/m6CtHz
The Milwaukee Bucks are a young, promising team that has a devoted fan base
throughout the state of Wisconsin. However, Bucks president Peter Feigen
believes that the NBA will take control and move the team out of state if
the Wisconsin legislature doesn't approve $250 million in public financing
to help build a new arena in downtown Milwaukee.
From the Milwaukee Business Journal:
Milwaukee Bucks president Peter Feigin told Wisconsin lawmakers Monday that
time was of the essence in approving $250 million in public funding for the
proposed arena in downtown Milwaukee or the NBA will move the team to
another city.
At an informational hearing held by the state Legislature's Joint Finance
Committee, Feigin said the Bucks owners' purchase agreement for the team
includes a provision that construction of a new arena start in 2015.
If that does not occur, he said the NBA will buy back the team for a $25
million profit and move them to "Las Vegas or Seattle."
Feigin said the team needed to start construction by October or November to
avoid the NBA starting a process of seeking buyers for the team. The team's
lease at the BMO Harris Bradley Center expires in 2017, he said.
This is obviously a dramatic statement by Feigin to convince Wisconsin
lawmakers to approve funding but his bold talk could have the desired effect.
According to the Milwaukee Business Journal, State Sen. Alberta Darling thinks
a new arena in Downtown Milwaukee is the "opportunity of a lifetime" for
the city and the state.
"This is a good deal for (Milwaukee) County, city (of Milwaukee) and the
state," Darling said in wrapping up the meeting. "I hope the legislators
that live in rural areas heard that today and will rise to the occasion.
If we don’t get this done, we will not get another chance with an NBA team."
The Bucks have been in Milwaukee since 1968 and have played in the BMO Harris
Bradley Center since 1988. The need for a new arena is evident but
unfortunately it is just not up to the Bucks. Owners Wes Edens, Marc Lasry
and Jimie Dinan have agreed to work with former owner Herb Kohl to keep the
Bucks in Milwaukee, pledging $250 million for the construction of a new arena.
The remaining cost for construction is $250 million which the Bucks are
looking to get from public financing.
While the future of the Bucks on the court is quite bright, their future in
Milwaukee could be in doubt if the Wisconsin legislature doesn't approve
funds for construction of a new arena. Scary times for Bucks fans.
大意:密爾瓦基快撥款給我們蓋球場,不然 NBA 會把公鹿買回去並搬到
Las Vegas 或 Seattle
感想:Milwaukee Bucks => La$ Vega$ Buck$ 真棒連隊名都不用改
公鹿 錢
--
Tags:
NBA
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