The Milwaukee Bucks Sign a 30 Year Lease With WCD for New Arena


Source: nba.com and bucks.com

 

The Milwaukee Bucks have signed a 30 year lease for their new arena.

The good news comes Wednesday, the same day that the Bucks will finish their rather disappointing season, with their final game against the Indiana Pacers.  

The lease for the $524M arena is for 30 years.  The Bucks will pay about $45M over the lease, paying just over $1M annually.  This will be payed to the Wisconsin Center District, the owners of the arena located just north of the BMO Harris Bradley Center.  Groundbreaking is set for the summer, June 18th 2016 to be precise.  The Bucks will also host their 2nd Annual Summer Block Party that day to celebrate the event.  The stadium will be ready for the 2018-19 season, which if my calculations are correct, will be the year of the Buck's 3rd straight NBA Title.  

The arena will also host the Marquette University Golden Eagles home games, my second favorite college team just behind Michigan.  The stadium will be publicly owned by the WCD, and the Bucks will operate and maintain the arena.  And more importantly for me, the deal includes a non-relocation agreement, ensuring the Bucks will stay in Milwaukee, their true home, for at least 30 more years.  

 It seems then that the anxiousness and arguing regarding the Bucks future in Milwaukee is over.  They have secured a long term deal with a Wisconsin non profit in the WCD, the Bucks have been more prevalent in the city of Milwaukee through charity works (including a new charity coming soon), and it seems that fans here in Wisconsin love their Bucks.

With a new arena, a top 10 draft pick, and a developing young squad with incredible talent, only one thing can really be said:

Our Bucks will own the future, right here in Milwaukee.  GO BUCKS!

 

*For tweets from me, follow my Hashtag Basketball Bucks twitter, @HbBucks?

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