Yahoo! News · Aug 12, 2015
Wisconsin's Walker signs NBA arena spending plan for Milwaukee
MILWAUKEE, Aug 12 (Reuters) - Wisconsin Governor Scott Walker on Wednesday signed a bipartisan financing plan passed by state lawmakers calling for taxpayers to contribute $250 million toward building a new downtown arena for the National Basketball Association's Milwaukee Bucks.
The financing plan will pay for half of the cost of the new arena and is a key step in keeping the Bucks in the city where they have played for 47 years. The public money is due to come in several forms, including $203 million in bonds.
"We see this as a great deal," Walker, a candidate for the 2016 Republican U.S. presidential nomination, said at a signing ceremony at the State Fair Park in West Allis, Wisconsin.