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BREWERS GET NEW PLAY PEN, COMMIT TO STAYING IN MILWAUKEE
Published August 21, 1995
The Brewers, the state of Wisconsin, the city of Milwaukee and Milwaukee County announced a "unique stadium partnership" Saturday that calls for the team to co-own a new stadium, contribute $90M toward its construction and agree to remain in Milwaukee for 30 years, according to the MILWAUKEE JOURNAL SENTINEL. The new stadium would be built next to County Stadium and would have 42,000 seats and 75 luxury suites. It would be the "first convertible-roof, natural-grass stadium of its kind in the world" and would be completed in time for the '99 season (Amy Rinard, MILWAUKEE JOURNAL SENTINEL, 8/20). LEGISLATURE MAY BE TOUGH SELL: The plan reportedly has "full support" from Milwaukee Mayor John Norquist, who said he would "actively lobby the Legislature to ensure it is approved." The Legislature is expected to take up the measure in September. Supporters of the plan agree that it will be a "hard sell politically -- especially because of the plan's call for small increases in the hotel and sales taxes (Amy Rinard, MILWAUKEE JOURNAL SENTINEL, 8/20). HIGHLIGHTS: 1) Cost of the stadium would be $125M plus $60M for the convertible roof, $15M for concession facilities, $25M for equipment and scoreboards and $25M for engineering, consulting and other "so-called soft costs"; 2) The Brewers would co-own the stadium with a newly created Wisconsin Professional Baseball District, "a quasi-public entity that would issue tax-exempt bonds to pay for construction and levy taxes to pay debt service on the bonds." The team would own 36% of the new stadium and the district would own the rest; 3) The district would impose a tenth-of-a-cent increase in the sales tax in Milwaukee and Waukesha counties as well as a one percentage point increase in the room tax charged in each county; 4) The Brewers would contribute $90M toward construction costs, including a $50M state-backed loan from the WI Housing and Economic Development Authority, plus the revenue from sale of naming rights (about $25M); 5) The team would manage the stadium and keep all the revenue; 6) The team would lease the stadium for 30 years, paying about $1.1M a year in rent (Amy Rinard, MILWAUKEE JOURNAL SENTINEL, 8/20).