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Bucks president, Milwaukee officials say arena deal close

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MAY 26, 2015 11:53a ET

MAY 26, 2015 11:53a ET

Bucks president Peter Feigin, seen here in a file photo with an arena design team in April, said franchise and government officials are trying to reach a deal.

MADISON, Wis. (AP) -- Milwaukee leaders and the president of the Milwaukee Bucks all say they are close to reaching a deal to pay for a new $500 million arena for the NBA team.

They said Tuesday following a closed-door meeting in Gov.