Wisconsin Center District says they do not have money to help build a new arena
BMO Harris Bradley Center. Image by Mark Hoffman - Journal Sentinel
MILWAUKEE - With the aging BMO Harris Bradley Center in Milwaukee, the Wisconsin Center District looks to some people as a viable option to help build a new arena.
The chairman of the district said board members should know that: "We don't have a lot of extra cash that we have available to us either for collaboration for an athletic facility or building out on our own," according to the Journal Sentinel.
The Wisconsin Center District was created in 1994 to help built the Delta Center, as well as to help manage two other venues, now called the US Cellular Arena and Milwaukee Theatre. They collect taxes on numerous tourist activities, including hotel rooms, car rentals, food and beverage sales. They expect to receive $27 million from those taxes this year.
Chairman Franklyn Gimbel told the Journal Sentinel that people assume the district has a "pot of gold sitting in a bank account available for rainy days or expansion or investment in something other than repaying our bondholders. That just wasn't true."