Please ensure Javascript is enabled for purposes of website accessibility
Home / Commercial Real Estate / Hearing packed for $1 land sale to Bucks’ owners

Hearing packed for $1 land sale to Bucks’ owners

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.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *