As expected, the Milwaukee Common Council voted to approve the city's $47 million portion of a Milwaukee Bucksarena financing package on Tuesday, clearing the last financing hurdle before ground-breaking on the project can begin. The 12-3 vote follows the Wisconsin Legislature's approval in July of a $250 million public funding package for the $500 million arena project, though a number of key project details -- final arena designs, public plaza street closings, tenant leases with the Wisconsin Center District, etc -- have yet to be finalized.
Nevertheless, it's a positively huge milestone for the team and city, one that for all intents and purposes ensures the Bucks' long-term future in Milwaukee.