Current:Home > ContactWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -WealthMindset Learning
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-21 13:34:12
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! (65656)
Related
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Daddy Yankee retiring from music to devote his life to Christianity
- A pilot is killed in a small plane crash near Eloy Municipal Airport; he was the only person aboard
- What to do if you can't max out your 401(k) contributions in 2023
- Giants, Lions fined $200K for fights in training camp joint practices
- Oklahoma City voters consider 1% sales tax to build a $1 billion arena for NBA’s Thunder
- 4 coffee table art books from 2023 that are a visual feast
- Protesters at UN COP28 climate summit demonstrate for imprisoned Emirati, Egyptian activists
- American news website Axios laying off dozens of employees
- Texas Supreme Court temporarily halts ruling allowing woman to have emergency abortion
Ranking
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Packers have big salary-cap and roster decisions this offseason. Here's what we predict
- A Swede jailed in Iran on spying charges get his first hearing in a Tehran court
- Wisconsin university regents reject deal with Republicans to reduce diversity positions
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- Thousands demonstrate against antisemitism in Berlin as Germany grapples with a rise in incidents
- New York increases security at Jewish sites after shots fired outside Albany synagogue
- Texas AG Ken Paxton files petition to block Kate Cox abortion, despite fatal fetal diagnosis
Recommendation
Small twin
Christmas queens: How Mariah Carey congratulated Brenda Lee for her historic No. 1
Police chase in Philadelphia ends in shootout that leaves 2 officers, suspect wounded
Brazil’s Lula takes heat on oil plans at UN climate talks, a turnaround after hero status last year
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Agriculture gets its day at COP28, but experts see big barriers to cutting emissions
Mike McCarthy's return from appendectomy could be key to Cowboys' massive matchup vs. Eagles
Winners and losers of first NBA In-Season Tournament: Lakers down Pacers to win NBA Cup