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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).