State Sen. Lena Taylor
Press Release

Sen. Taylor statement on Senate passage of Bucks arena deal

"This is about more than basketball"

By - Jul 15th, 2015 06:38 pm

(MADISON) – Today, the State Senate approved SB-209, also known as the Bucks arena deal. After voting in favor of the bill, Sen. Lena Taylor (D-Milwaukee), who helped negotiate changes, released the following statement:

“After months of gridlock on the Bucks arena deal, Democrats finally sat at the negotiation table for the first time yesterday. I think it’s no coincidence that just one day later, we passed this deal through the State Senate. Today’s deal eliminates the mandatory controversial local debt collection and eliminates the irresponsible zero coupon bond for the Wisconsin Center District. This is about more than basketball; it’s about economic development. Taxpayers who would have lost hundreds of millions of dollars in player income tax revenues won today. While this wasn’t a perfect deal, I look forward to continuing to work in the future to make it better.”

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2 thoughts on “Sen. Taylor statement on Senate passage of Bucks arena deal”

  1. michael drew says:

    Thanks for your wise vote on this issue. Any suggestions on which assembly persons to write, besides my own, to get this important step for Milwaukee passed there?

  2. Rich says:

    Crap. She fell for it too:
    http://urbanmilwaukee.com/2015/07/07/op-ed-no-its-not-cheaper-to-keep-them/
    http://www.politifact.com/wisconsin/article/2015/jun/18/examining-scott-walkers-cheaper-keep-them-slogan/
    http://www.maciverinstitute.com/2015/06/bucks-arena-plan-it-might-not-be-cheaper-to-keep-them/

    Plus, how does this help: “…eliminates the mandatory controversial local debt collection…”
    It didn’t eliminate the county contribution of $4mil/year, so where is that money coming from? Loss of other services? That’s a cost too.

    However, this one seems positive: “eliminates the irresponsible zero coupon bond for the Wisconsin Center District”
    If that cleaned up the crappy part about how we’d borrow money today and not even start paying back principal until 2025, then good for them.

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