Current:Home > FinanceWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -VitalWealth Strategies
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-12 18:01:31
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! (4597)
Related
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Olympic boxer found guilty of killing pregnant woman
- Search ends for body of infant swept away by flood that killed sister, mother, 4 others
- Jamie Lee Curtis discovers ‘lovely, weird’ family connection to ‘Haunted Mansion’ movie
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- 6 days after fuel spill reported, most in Tennessee city still can’t drink the tap water
- David Braun says Northwestern has responded to hazing scandal in 'inspiring fashion'
- Ukraine lifts ban on athletes competing against Russians, but tensions continue
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Severe thunderstorms blast southern Michigan, cutting power to more than 140,000
Ranking
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- Cigna accused of using an algorithm to reject patients' health insurance claims
- Shakira's Face Doesn't Lie When a Rat Photobombs Her Music Video Shoot
- Atiana De La Hoya Details Childhood Estrangement From Dad Oscar De La Hoya in Documentary
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 4 killed, 2 hurt in separate aircraft accidents near Oshkosh, Wisconsin
- 3 Butler University soccer players file federal lawsuit alleging abuse by former trainer
- Video shows Colorado trooper jump off bridge to avoid being struck by speeding vehicle
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
As sneakers take over the workplace, the fashion phenomenon is making its way to Congress
Whistleblower tells Congress the US is concealing ‘multi-decade’ program that captures UFOs
Army fire kills a 14-year-old, Palestinians say, as an Israeli minister visits flashpoint mosque
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
13 Laptop Bags Under $50 That Are So Chic You’ll Enjoy Commuting to School and Work
Nearly a third of Oregon superintendents are new to the job, administrators coalition says
Amy Schumer Claps Back at “Unflattering” Outfit Comment on Her Barbie Post