Current:Home > reviewsWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -VisionFunds
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
SignalHub View
Date:2025-04-06 23:04:26
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! (41258)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- In Florida Senate Race, Two Candidates With Vastly Different Views on the Climate
- Nazi-looted Monet artwork returned to family generations later
- North Carolina lawmakers pass $273M Helene relief bill with voting changes to more counties
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Are Deion Sanders, Colorado poised to make Big 12 title run? Let's see Saturday.
- Got a notice of change from your Medicare plan? Here are 3 things to pay attention to
- NFL Week 6 odds: Moneylines, point spreads, over/under
- This was the average Social Security benefit in 2004, and here's what it is now
- North Carolina lawmakers pass $273M Helene relief bill with voting changes to more counties
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Ed Wheeler, Law & Order Actor, Dead at 88
- Severe solar storm could stress power grids even more as US deals with major back-to-back hurricanes
- Ethel Kennedy, widow of Robert F. Kennedy, in hospital after suffering from stroke
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Beyoncé and Jay-Z's Attorney Slams Piers Morgan Over Airing Diddy Comparisons in Interview
- Kathy Bates Addresses Ozempic Rumors After 100-Lb. Weight Loss
- Paige DeSorbo Swears By These 29 Beauty Products: Last Chance to Shop These Prime Day 2024 Discounts
Recommendation
The company planning a successor to Concorde makes its first supersonic test
'Shrinkflation' in Pepsi, Coke, General Mills products targeted by Democrats
Ethel Kennedy, widow of Robert F. Kennedy, in hospital after suffering from stroke
Trump will hold a rally at Madison Square Garden in the race’s final stretch
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Premiums this year may surprise you: Why health insurance is getting more expensive
AI Ω: Reshaping the Transportation Industry, The Future of Smart Mobility
14 days to reach 'The Summit': Why the new competition series is not another 'Survivor'