Current:Home > reviewsWisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium -WealthX
Wisconsin governor signs off on $500 million plan to fund repairs and upgrades at Brewers stadium
View
Date:2025-04-13 15:42:11
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! (85866)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Kim Kardashian's Office Has 3-D Model of Her Brain, a Tanning Bed and More Bizarre Features
- Dana Carvey reflects on son Dex Carvey's death: 'You just want to make sure you keep moving'
- Spidermen narcos use ropes in Ecuador's biggest port to hide drugs on ships bound for the U.S. and Europe
- Military service academies see drop in reported sexual assaults after alarming surge
- When is 'Reacher' Season 2 finale? Release date, cast, how to watch last episode of season
- New Mexico Motor Vehicle Division wants to issue electronic driver’s licenses and ID cards
- Olympian Shawn Barber Dead at 29
- Nevada attorney general revives 2020 fake electors case
- Where is the coldest city in the U.S. today? Here's where temperatures are lowest right now.
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- A Common Fishing Practice Called Bottom Trawling Releases Significant Amounts of CO2 Into Earth’s Atmosphere
- Arnold Schwarzenegger stopped by customs over a luxury watch after arriving in Germany
- Why Penélope Cruz Isn't Worried About Aging Ahead of Her 50th Birthday
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Pennsylvania can’t stop young adults from openly carrying guns during emergencies, US court rules
- New Mexico Motor Vehicle Division wants to issue electronic driver’s licenses and ID cards
- Stick To Your 2024 Fitness Goals With Plus-Size Activewear From Spanx, Amazon, Adidas, and More
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
You'll Cringe After Hearing the Congratulatory Text Rob Lowe Accidentally Sent Bradley Cooper
House committee holds final impeachment hearing for DHS Secretary Alejandro Mayorkas
Georgia’s governor says more clean energy will be needed to fuel electric vehicle manufacturing
Meet first time Grammy nominee Charley Crockett
Belarus rights group calls on UN to push for proper treatment of cancer-stricken opposition prisoner
A whiskey collector paid a record-setting $2.8 million for a rare bottle of Irish whiskey
Chris Stapleton, Foo Fighters, Queen Latifah to join The Rolling Stones at 2024 Jazz Fest