Both the Bucks and Marquette Univ. are "negotiating lease extensions for their final year at the BMO Harris Bradley Center -- even as the two teams hammer out" MU's lease at the new Bucks arena, according to Rich Kirchen of the MILWAUKEE BUSINESS JOURNAL. MU’s lease at the BMO Harris Bradley Center expires today. A "one-year extension is necessary" because MU will be playing there for the '17-18 season before starting at the new Bucks arena in fall '18. Bradley Center President & CEO Steve Costello said his arena and MU already have held "good conversations." MU AD Bill Scholl in an email wrote the university has "had positive discussions" with Bradley Center officials. Kirchen noted MU's lease at Bradley Center "includes $29,000 per-game rent, $285,000 per-season in suite rentals and a $1.50 to $2 per-ticket facility fee." MU "retains some sponsorship rights in the venue and receives a payment from the Bradley Center of $19,000 per game for rights to suite season tickets." Meanwhile, the Bucks' lease expires Sept. 30, and Costello said that his staff and Bucks reps have "held some discussions on the lease extension." Scholl said that MU is "continuing to work out details with the Bucks for the new arena" (BIZJOURNALS.com, 3/14).
