Rays' Ballpark Site Search Still Complicated Braves Will Help Fans With SunTrust Traffic Raiders' Vegas Stadium Financing Remains Complicated Sacramento, Kings To Refinance '97 Arena Loan Facility Notes Proposal Made To Lift Crandon Park Restrictions UNLV Faces Challenges In Sharing Raiders Venue MSG Partners Get Digital Play At NCAA Regionals MLL Bayhawks Want 10,000-Seat Facility Facility Notes
WI GOV. SIGNS BREWERS STADIUM FINANCING PLAN INTO LAW
Published October 13, 1995
WI Gov. Tommy Thompson signed into law yesterday a financing plan for a new $250M stadium for the Brewers. Plans call for the stadium to be modeled in the style of Brooklyn's Ebbets Field, but with a retractable roof and luxury seating. The bill creates a stadium authority that will levy a tenth of a percent sales tax increase in Milwaukee and four surrounding counties. The tax helps pay off $160M in bonds issued to pay for the public's share of the cost. The team has agreed to pay $90M of construction costs with the help of a $50M loan from the WI Housing and Economic Development Authority. Before signing the financing plan into law, Thompson vetoed language in the bill that would have made the stadium a non-smoking facility. Thompson said the ban might raise constitutional problems and problems for the team and the stadium authority if Philip Morris' Miller Brewing wants to purchase the naming rights (MILWAUKEE JOURNAL SENTINEL, 10/13).