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. Scott Walker's Capitol conference room that they were optimistic a deal can be reached by Friday.
Talks have been ongoing for months to come up with a plan to pay for the arena that's part of a $1 billion entertainment district in downtown Milwaukee. Without a new stadium by 2017, the NBA has said it will buy back the team and relocate it.