Current:Home > reviewsWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -SovereignWealth
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-25 20:43:42
MILWAUKEE (AP) — After months of backroom wrangling, Wisconsin Gov. Tony Evers signed a bill Tuesday that spends half-a-billion dollars in taxpayer money over the next three decades to help the Milwaukee Brewers repair their baseball stadium.
The governor signed the bipartisan package at American Family Field, calling the legislation a compromise agreement between the team and the public.
“All in all, this plan ensures the Milwaukee Brewers will continue to call this city home for nearly 30 more years,” Evers said before signing the legislation on a stage set up at home plate.
The Brewers say the 22-year-old stadium needs extensive renovation. The stadium’s glass outfield doors, seats and concourses need replacing, the stadium’s luxury suites and video scoreboard need upgrades and the stadium’s signature retractable roof, fire suppression systems, parking lots, elevators and escalators need work, according to the team.
Brewers officials warned lawmakers the team might leave Milwaukee without public assistance. Spurred by the threat of losing tens of millions of dollars in tax revenue, legislators began working on a subsidy package in September.
Debates over handing public dollars to professional sports teams are always divisive. The Brewers’ principal owner, Mark Attanasio, is worth an estimated $700 million, according to Yahoo Finance, and the team itself is valued at around $1.6 billion, according to Forbes.
Critics, including a number of Milwaukee-area legislators, insisted the Brewers deserved nothing and the state should spend its tax dollars on programs designed to help people.
The package went through multiple revisions as lawmakers worked to find ways to reduce the public subsidy. The bill Evers finally signed calls for a state contribution of $365.8 million doled out in annual payments through 2050. The city of Milwaukee and Milwaukee County will contribute a combined $135 million.
The legislation also imposes surcharges on tickets to non-baseball events at the stadium such as rock concerts or monster truck rallies. The surcharges are expected to generate $20.7 million.
The Brewers, for their part, will spend $110 million and extend their lease at the stadium through 2050, keeping Major League Baseball in its smallest market for another 27 years.
The bill easily passed the Legislature last month, with the Assembly approving it on a 72-26 vote and the Senate following suit 19-14.
veryGood! (368)
prev:Travis Hunter, the 2
next:Sam Taylor
Related
- B.A. Parker is learning the banjo
- Jailer agrees to plead guilty in case of inmate who froze to death at jail
- 4 Las Vegas teens agree to plead guilty as juveniles in deadly beating of high school student
- US rowers Michelle Sechser, Molly Reckford get one more chance at Olympic glory
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Dwyane Wade's Olympic broadcasts showing he could be future of NBC hoops
- Sea lions are stranding themselves on California’s coast with signs of poisoning by harmful algae
- A woman is arrested in vandalism at museum officials’ homes during pro-Palestinian protests
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- 2024 Olympics: Suni Lee Wins Bronze During Gymnastics All-Around Final
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Did Katie Ledecky win? How she, Team USA finished in 4x200 free relay
- A first look at the 2025 Cadillac Escalade
- USA Women's Basketball vs. Belgium live updates: TV, time and more from Olympics
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Cardi B Files for Divorce From Offset Again After Nearly 7 Years of Marriage
- Chris Evans Reveals If His Dog Dodger Played a Role in His Wedding to Alba Baptista
- Cardi B announces she's pregnant with baby No. 3 as she files for divorce from Offset
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
These Designer Michael Kors Handbags Are up 85% off Right Now & All Under $100
How high can Simone Biles jump? The answer may surprise you
Cannabis business owned by Cherokees in North Carolina to begin sales to any adult in September
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Ammonia leak at Virginia food plant sends 33 workers to hospitals
Lance Bass Shares He Has Type 1.5 Diabetes After Being Misdiagnosed Years Ago
Watch as adorable bear cubs are spotted having fun with backyard play set