The Senate has approved the Bucks arena funding package on a 21 to 10 bipartisan vote.
Of the votes in favor, 15 came from majority Republicans, while six came from Democrats.
It looks like they made two changes to get some support from Senate Dems. They removed strange provision where the state would assume Milwaukee County’s debt and use those collections as a funding mechanism. Removing that is good. They also added a $2/ticket fee for all events at the new facility to pay for some of it. That’s good too.
So it appears that the deal that the Senate passed is better than the one we saw a few weeks ago, but the way in which the Senate slammed this through has robbed all of us of the opportunity to analyze it and run the numbers. Fortunately, now the Assembly has to take it up. They have not said when they will take it up, but hopefully we have a few days to digest what the Senate passed and allow the Legislative Fiscal Bureau to do their job.