3 professional sports facilities worth $1.9 billion » Urban Milwaukee

American Family Field. Photo by Jeramey Jannene.

Wisconsin taxpayers, local governments, sports teams, fans and visitors will pay $1.9 billion over several decades to build and renovate arenas for three professional sports franchises if the Brewers’ American Family Field redevelopment package becomes law.

The American Family Field upgrade will cost a total of $697.9 million, including $546 million from state and local governments and $100 million from the Brewers.

According to a Legislative Fiscal Bureau (LFB) summary, add that to the $524.1 million that Milwaukee’s Deer District, anchored by the Fiserv Forum, cost the Bucks, a $295.2 million remodeling of Lambeau Field for the Packers and a $395.2 million dollars that the new Brewers stadium, Miller Park, cost before it opened in 2001.

The state Assembly passed, 69-27, the Brewers stadium remodeling package, sending it to the Senate. Democratic government Tony Evers supports him.

Assembly members discussed using $546 million in public funds for the brewers, who have pledged not to leave before 2050.

“We can’t help the average person in the state of Wisconsin, whether it’s health care…housing…a host of issues, but we will move heaven and earth to make sure the billionaires get what they want,” said the representative. Supreme Moore Omokundeone of five Milwaukee Democrats who voted against the package.

“It’s irresponsible to give $546 million in taxpayer money to a team that has increased in value by more than $1 billion since the last time we used taxpayer money to build them a stadium,” the GOP added. Adam Nylon.

But, the representative of the Republican Party said. Jesse Rodriguez“This proposal will provide Milwaukee County with a net increase in revenue. [It] there’s buy-in from the locals, the state and the Milwaukee Brewers themselves, which is a real home run.”

Project funding: $411 million in state funds, $67.5 million from Milwaukee County and $67.5 million from the City of Milwaukee ($2.5 million in annual contributions each, partially offset by a lower state fee to collect local sales taxes) ; $100 million from the Brewers (higher annual rent and $50 million for capital projects) and $35 million in Baseball Quarters assets.

LFB analyst summary Ryan Horton details how the other three major sporting venues are funded.

– Deer District of the Milwaukee Bucks: $524.1 million.

An April 2016 contract between the Wisconsin Center District (WCD) and the Milwaukee Bucks included a 30-year lease on a new sports and entertainment arena and a promise that the team would not relocate. WCD receives revenue from the City of Milwaukee’s 7% room tax, 0.5% food and beverage tax, and 3% rental car tax.

The Fiserv Forum opened on September 4, 2018. The adjacent plaza and parking structure was financed with $203 million in bonds, $47 million from the city of Milwaukee, a $100 million donation from a former Bucks owner and a retired U.S. senator. Herb Kohl and $124 million from team owners.

The contract calls for a $2 surcharge per ticket, which raised $6.4 million between 2018 and 2022.

-Renovation of Lambeau Field: $295.2 million.

In 1999, the legislature and the Republican Govt. Tommy Thompson created the Green Bay-Brown County Pro Football Stadium District to renovate Lambeau Field, home of the Packers since 1957. That legislation authorized a 0.5 percent sales tax in Brown County to help pay for stadium improvements and maintenance, contingent on the passage of a referendum authorizing an additional tax. On September 12, 2000, Brown County voters approved it by a landslide vote of 53% to 47%.

The Lambeau Field upgrade was financed by $160 million in bond loans, $92.5 million in user fees (including a one-time $2,000 fee paid by season ticket holders), $9 million in state transportation funds, $20.6 million in stock sales and a $13 million loan from the National Football League.

The 0.5% sales tax was collected from November 1, 2000 to October 1, 2015. It raised a total of $310.9 million.

-Miller Park: $392.5 million in construction costs.

In 1995, the Legislature and Thompson created the Southeast Wisconsin Professional Baseball District to build a new stadium for the Milwaukee Brewers to keep the team in Wisconsin. That legislation authorized a 0.1 percent sales tax in five counties — Milwaukee, Waukesha, Racine, Washington and Ozaukee — to help pay for the stadium and its maintenance. The deal calls for the Brewers to pay $1.2 million a year in rent through 2030.

Miller Park was financed with $255.9 million in loans from the District, $38.5 million in state transportation funds, $20.9 million from the City of Milwaukee, $40 million from the Brewers, $21 million in foundation loans, $16 million from Milwaukee County, $14 million a loan from the Milwaukee Metropolitan Area Chamber of Commerce and $2 million from the Helfaer Foundation.

The baseball district earned $609 million in local sales tax revenue between January 1996 and March 2020.

Is the Bucks, Brewers and Packers Worth a $1.9 Billion Investment? It’s your decision.

Stephen Walters began covering the Capitol in 1988. Contact him at [email protected]

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