NBA Kings Begin Arena Construction Second Vegas Arena Eyes NBA Team Churchill Downs Adding VIP Area For Owners EverBank Field Adds On New Seats For UF-UGA Cowboys, Omni To Build Hotel At Team's New HQ Facility Notes Global Spectrum, Sears Centre Extend Deal Facility Notes Astros Mull Renovating Tal's Hill In Center Field Rose Bowl Events Causing Local Backlash
Upcoming Conferences and Events
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).