Current:Home > reviewsWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -PureWealth Academy
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
Chainkeen Exchange View
Date:2025-04-08 15:58:50
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! (654)
Related
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Blinken visits Kyiv in show of support for Ukraine’s efforts to push out Russia’s forces
- North Carolina public school students performing better on standardized tests, report says
- Kendall Jenner Reveals Why She Won't Be Keeping Up With Her Sisters in the Beauty Business
- 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
- Sharon Osbourne Shares Experience With Ozempic Amid Weight Loss Journey
- Kelly Osbourne Shares Insight into Her Motherhood Journey With Baby Boy Sidney
- See Bill Pullman Transform Into Alex Murdaugh for Lifetime's Murdaugh Murders
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Prosecutors seeking new indictment for Hunter Biden before end of September
Ranking
- North Carolina justices rule for restaurants in COVID
- After asking public to vote, Tennessee zoo announces name for its rare spotless giraffe
- E. Jean Carroll wins partial summary judgment in 2019 defamation case against Trump
- Tennis ball wasteland? Game grapples with a fuzzy yellow recycling problem
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Week 1 fantasy football rankings: Chase for a championship begins
- This summer was the hottest on record across the Northern Hemisphere, the U.N. says
- Another person dies after being found unresponsive at Fulton County Jail in Atlanta
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Jonathan Majors' domestic violence trial delayed again in alleged assault case
Stock market today: Asian markets are mostly lower as oil prices push higher
3-legged bear named Tripod takes 3 cans of White Claw from Florida family's back yard
$73.5M beach replenishment project starts in January at Jersey Shore
Oregon man who was sentenced to death is free 2 years after murder conviction was reversed
Prosecutors in Trump’s Georgia election subversion case estimate a trial would take 4 months
The Great Salt Lake is shrinking rapidly and Utah has failed to stop it, a new lawsuit says