MILWAUKEE — The Milwaukee Bucks will mark a milestone in the history of the NBA franchise when ground is broken for a new arena in downtown Milwaukee.
A ceremony and celebration is planned for Saturday at the new arena site just north of the Bucks’ current home, the BMO Harris Bradley Center.
With the turn of a shovel, construction can begin on the $524 million arena that’s expected to be ready for the 2018-19 season.
The Milwaukee Bucks have signed a 30-year lease with Wisconsin Center District, the public entity that will own the new arena. The Bucks will pay at least $1 million annually to rent the arena from the district with lease payments totaling $45 million over the term of the lease.