MILWAUKEE (AP) — Strong opinions were expressed at a public hearing over the Milwaukee County executive’s plan to sell 10 acres adjacent to a proposed new Bucks’ arena to the team’s majority owners for $1.
A county appraisal says the downtown land is worth nearly $9 million.
County Executive Chris Abele wants to sell the vacant land to a development group led by the Bucks’ owners. The hearing Tuesday evening packed a hall at the War Memorial Center. Supporters say the sale will create jobs, property tax revenue and attract people downtown. The team’s owners have plans to build a practice facility, commercial and residential building and retail space on the land.
Opponents say the $1 sale amounts to another “giveaway for out-of-state billionaires.”
The Journal Sentinel reports the land sale requires County Board approval.