Current:Home > NewsWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -FinanceMind
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-11 22:49:09
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! (1)
Related
- Sonya Massey's father decries possible release of former deputy charged with her death
- NYU law student has job offer withdrawn after posting anti-Israel message
- 'Anatomy of a Fall' dissects a marriage and, maybe, a murder
- Chipotle menu prices are going up again, marking the 4th increase in 2 years
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- North Korea raises specter of nuclear strike over US aircraft carrier’s arrival in South Korea
- The 13 Best Good Luck Charms for Friday the 13th and Beyond
- Donald Trump returning to civil trial next week with fixer-turned-foe Michael Cohen set to testify
- What do we know about the mysterious drones reported flying over New Jersey?
- All's 'Fair Play' in love and office promotions
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Republicans tweak Brewers stadium repair plan to cut the total public contribution by $54 million
- State Department announces plan to fly Americans out of Israel
- I mean, it's called 'Dicks: The Musical.' What did you expect?
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Elijah McClain’s final words are synonymous with the tragic case that led to 1 officer’s conviction
- China’s inflation data show economy in doldrums despite a slight improvement in trade
- Michael Kosta, Desus Nice, Leslie Jones among new guest hosts for 'The Daily Show'
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Shaquille O'Neal announced as president of Reebok Basketball division, Allen Iverson named vice president
U.S. inflation moderated in September, but is still too hot for Fed
Haiti refuses to open key border crossing with Dominican Republic in spat over canal
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Taking the temperature of the US consumer
JPMorgan profit jumps 35%, but CEO says geopolitics and gov’t inaction have led to ‘dangerous time’
AP Week in Pictures: Europe and Africa