It appears that the owners of the Bucks can ask for, and get, anything they want from the taxpayers.
MILWAUKEE (WKOW) — Milwaukee leaders plan to announce that a chunk of downtown land has been sold to the city’s NBA team for $1 as part of the drive to build the Bucks a new arena complex
County Executive Chris Abele said in a statement Wednesday that the sale will transform a vacant space into a development that will create thousands of jobs and generate millions in revenue.
The land was appraised at $8.8 million, but Abele’s office says that doesn’t factor in $8.3 million worth of needed demolition and infrastructure work.
But wait, it gets worse. From the MJS story on this:
That’s right, outstate folks – you’re paying for this too.
On the other hand, if Lasry and Edens hadn’t conned everybody, instead of a Bucks training facility and some mostly-empty apartments, offices and shops, in 10 years, it would still be a vacant lot.