Wisconsin Governor Scott Walker wants taxpayers to help pay for a new $500 million arena for the Milwaukee Bucks that would serve as the linchpin for a $1 billion entertainment complex.
Back in January, Walker proposed a plan that would have the state sell $220 million general appropriation bonds (to be repaid by tax revenue from the Milwaukee Bucks and visiting NBA players) with $150 million from Bucks owners Wes Edens and Marc Lasry and $100 million from Herb Kohl, the previous owner of the team. Walker pitched the deal as a ”common-sense, fiscally conservative approach.”
Is it? Depends how you count.The article continues here.
One of the owners is a developer named Jon Hammes, who also happens to be national finance co-chairman of Walker's presidential campaign, and a contributor of $150,000 to Walker's PAC.
And it just keeps getting worse.
Crooks & Liars has the best run-down.