2:24pm: Walker said today that he’d sign the bill, note Stein and Journal Sentinel colleague Patrick Marley. Feigen expressed measured confidence and said it’s possible for the funding to be secured in time for an autumn groundbreaking.
12:48pm: The public funding plan for a new Bucks arena in Milwaukee has received approval from the Wisconsin State Assembly by a 52-34 vote, reports Jason Stein of the Milwaukee Journal Sentinel (Twitter link). The measure passed the state senate two weeks ago and now heads to Governor Scott Walker for his signature. Walker has consistently supported the idea of a new building that would keep the team from leaving town.
Should Walker sign the bill, which seems a likely proposition, Milwaukee County must authorize the purchase of the land for the building and the City of Milwaukee must negotiate a lease, tweets Jeff Zillgitt of USA Today. State, county and city leaders have been under pressure from the league to make sure an arena is ready by the start of the 2017/18 season, with the NBA having threatened to take the team away from owners Marc Lasry, Wesley Edens and Jamie Dinan and sell it to others who would move the team. The public is on the hook for half of the arena’s expected $500MM cost.
Bucks president Peter Feigin released a statement hailing today’s vote. Still, progress toward the arena has been somewhat slow-going, as Brian Windhorst of ESPN.com wrote in April that the Bucks and civic leaders faced a realistic deadline of June to secure funding. The legislature separated the arena bill from the state budget package last month, a move that bought more time. Windhorst nonetheless indicated that groundbreaking must take place this fall for the plan to remain on schedule.