San Diego Pitches Chargers Plan To NFL A's Reportedly Holding "Positive" Ballpark Talks Indians Eye More Ballpark Renovations Facility Notes Rupp Arena Set For $15M In Tech Upgrades Beckham Group To Pay For Resident Relocation Coyotes, Suns Discussed Sharing New Arena Angels Unveil Giant Mike Trout Bobblehead EIR For Warriors' Arena Shows Traffic Problems Facility Notes
BREWERS PLAN STARTING TO TAKE SHAPE
Published July 2, 1996
While terms of the Milwaukee business community's $14M in pledged assistance toward a Brewers stadium continue to be "hammered out," Northwestern Mutual Life and Johnson Controls -- the largest private and public companies in the state -- are ready to participate, according to the MILWAUKEE JOURNAL SENTINEL. Meanwhile, funding from the city in the form of a $15M loan is also coming together. The exact structure of the loan is still unclear, but one scenario has the city borrowing the $15M and funneling it to the city Redevelopment Authority. The Authority would then pass the money over to a non-profit corporation, which would loan it to the Brewers. A resolution endorsing the loan will be introduced at the next Council meeting on July 12 (MILWAUKEE JOURNAL SENTINEL, 7/2). Meanwhile, the five-county sales tax approved by the WI Legislature last fall to pay for $160M of the stadium's $250M price tag is now expected to bring in $24.8M by June '97 -- 13% more than originally anticipated (MILWAUKEE JOURNAL SENTINEL, 7/2).