MADISON, Wis. (AP) -- Milwaukee officials, leaders of the Wisconsin state Legislature and the president of the Milwaukee Bucks all said Tuesday they're close to reaching a deal to pay for a new $500 million arena for the NBA team.
The goal is to announce a deal Wednesday, said Rep. John Nygren, co-chairman of the Legislature's budget-writing committee. Nygren's committee is finalizing the state budget this week and intends to include a Bucks financing component.
Talks have been ongoing for months to come up with a way to pay for the arena that's part of a planned $1 billion entertainment district in downtown Milwaukee.