Artist’s Rendering of State of Wisconsin’s Gift to the NBA and the Milwaukee Bucks Owners
Wisconsin Governor Scott Walker committed Wisconsin taxpayers to contribute $250 million, or $400 million with interest, over the next 20 years, to pay for the Milwaukee Bucks new arena. That will supposedly cover roughly half the cost of this “investment” of State of Wisconsin funds. The other $250 million will be paid by the Milwaukee Bucks’ wealthy owners.
The NBA and the Milwaukee Bucks convinced the State’s Republican lawmakers and Governor Walker last August that this would be a sound investment for the state for the next 20 years, albeit a condition for keeping the Bucks franchise in Wisconsin.
Global warming and the need to drastically cut the air travel emissions that professional sports teams emit to Earth’s atmosphere, free of charge, will be just one of the many changes required to keep climate extremes and Earth’s rising ocean levels at bay. Big arenas like the Buck’s new arena could become symbols of a day gone bye-bye. Too bad for the investors in this white elephant and all professional sports team owners and big time athletic colleges, too. Only time will tell how big a white elephant the new Milwaukee Bucks and the State of Wisconsin’s new pro basketball sports team arena will turn out to be.