Current:Home > StocksWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -Elevate Capital Network
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-15 22:18:49
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! (6415)
Related
- 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
- Seattle Tacoma Airport hit with potential cyberattack, flights delayed
- Lily Allen responds to backlash after returning adopted dog who ate her passport
- Alabama HS football player dies after suffering head injury during game
- Skins Game to make return to Thanksgiving week with a modern look
- 'First one to help anybody': Missouri man drowns after rescuing 2 people in lake
- Disaster unemployment assistance available to Vermonters who lost work during July 9-10 flooding
- Lights, camera, cars! Drive-in movie theaters are still rolling along
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Sophia Grace Is Pregnant, Expecting Baby No. 2
Ranking
- American news website Axios laying off dozens of employees
- Hailey and Justin Bieber reveal birth of first baby: See the sweet photo
- Below Deck Mediterranean's Chef Serves Potentially Deadly Meal to Allergic Guest—and Sandy Is Pissed
- Timeline of Gateway Church exodus, allegations following claims against Robert Morris
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Massachusetts towns warn about rare, lethal mosquito-borne virus: 'Take extra precautions'
- Little League World Series live: Updates, Highlights for LLWS games Sunday
- Trump is expected to tie Harris to chaotic Afghanistan War withdrawal in speech to National Guard
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Israel and Hezbollah exchange heavy fire, raising fears of an all-out regional war
Aaron Judge becomes MLB's first player this season to hit 50 homers
The best family SUVs you can buy right now
Tropical weather brings record rainfall. Experts share how to stay safe in floods.
Nevada men face trial for allegedly damaging ancient rock formations at Lake Mead recreation area
The Bachelorette’s Andi Dorfman and Husband Blaine Hart Reveal Sex of First Baby
Powerball winning numbers for August 24: Jackpot now worth $44 million