I read with great interest a story in the Daily Reporter’s April 17 edition, “Alderman wants 1-cent tax for the Bucks.”
The citizens of Milwaukee, along with the state as a whole, are ready to support the development of the National Basketball Association’s new Milwaukee Bucks arena by buying season tickets and paying set (admission fees) at their games and events, while supporting the surrounding businesses for the next 25 years.
As their business-development vision becomes a reality, as shown in the well-designed renderings for the downtown area, but not as the owners or the builders, that’s the profit-making ownership investing team’s job to handle that.
To keep its business like a financial layout for the Milwaukee Bucks new arena, it should look like this: Kohl’s $100 million, the owners’ $250 million, the NBA’s $100 million and the state of Wisconsin’s $100 million, and the city and county providing infrastructure support. Additional taxes payments for the wealthy owners, from the state’s common citizens, is not a good option when there is strong opposition to a sales tax and our state’s governor has to step up (to cut a deal to build the new arena in Milwaukee.)
If alderman Bauman wants to add a 1-cent tax for the Bucks new arena, how about adding a central-city industrial park for small-business owners in the Bronzeville area, putting people to work? Building a sense of ownership, as we collect money from the taxpayers.
— Dester Martin