Recently the Milwaukee Journal Sentinel published an article about financing arrangements that are available through the National Basketball Association. And although the Bucks were quoted in the article saying they might use the credit facility to expand business opportunities around the new arena…some of the writing seemed to indicate that the $150 million that they’ve already pledged might be coming from the NBA pot:
A Bucks spokesman confirmed that if the team chooses to tap into the NBA credit facility, it would do so for business related reasons both on and off the court. While a full financing plan for the arena has yet to be determined, the NBA credit facility could play a role in terms of the $150 million the Bucks ownership group, which includes primary owners Wes Edens, Marc Lasry and Jamie Dinan, has pledged toward a new arena.
I don’t know…just seems a little edgy…if they have the $150 million to invest why couldn’t the NBA credit line then be used to complete the deal?
On a side note: it seems a little hypocritical of the governor and the pols in Madison to expect the City of Milwaukee and Milwaukee County to invest in the arena with $$$ other than the usual infrastructure when the surrounding counties (their bailiwicks) have already voted against regional participation.