Parking garage built as part of the Fiserv Forum‘s development. An attached apartment building was built on the west side of the structure.
The structure contains 1,243 stalls and cost approximately $38 million to build. The cost is being split between $27 million in city bonding via tax-incremental financing district and another $8 million in developer-financed TIF financing from the Milwaukee Bucks (an amount scheduled to be returned to the Bucks through the incremental property taxes in the area). The real estate arm of the Milwaukee Bucks paid for the remainder.
The revenue from the structure, minus the cost of maintenance and operations, is split evenly between the Bucks and the city.
The parking garage is intended to replace the N. 4th St. Parking Garage, which was demolished to make way for the new arena.
The city share of the parking structure ($27 million) is being paid for with funds from the Beerline B tax-incremental financing district, which is within a half-mile of the structure.
Two condominium units are included in the base of the building and are owned by a Bucks real estate affiliate. Unlike the garage itself, they are assessed. City records list them at a combined 22,000 square-feet.
Photos
Content referencing 5th Street Parking Structure
Bucks Player Sells Brady Street Building
From 'three-and-D' to Sip & Purr.
Dec 13th, 2023 by Jeramey Jannene
Inside The Trade Hotel
Deer District hotel hopes to win lots of business, including from NBA teams.
May 18th, 2023 by Jeramey Jannene
The Trade Hotel Tops Off
High-end, Deer District hotel with downtown views will open in March 2023.
Jul 27th, 2022 by Jeramey Jannene
New Hotel Hints At Potential of Deer District
The Trade could be a key connecting piece between Fiserv Forum and Downtown, activating forlorn W. Juneau Ave.
Jul 1st, 2022 by Jeramey Jannene
The Trade Starts To Climb
New hotel across the street from Fiserv Forum will ultimately rise nine stories.
Feb 11th, 2022 by Jeramey Jannene
A Deer District Foundation
The Trade hotel will rise nine stories, including 205 rooms.
Oct 29th, 2021 by Jeramey Jannene
Bucks, NCG Break Ground on Deer District Hotel
"The Trade" will be a Marriott hotel with an entire floor intended for NBA players.
Sep 17th, 2021 by Jeramey Jannene
Deer District Hotel Secures First Approval
Plan Commission okays Milwaukee Bucks high-end hotel across from Fiserv Forum.
Mar 29th, 2021 by Jeramey Jannene
Fiserv Forum Hotel Would Rise Nine Stories, Have Two Restaurants
Rooftop bar, floor targeted at NBA teams and a two-story presidential suite are planned.
Mar 18th, 2021 by Jeramey Jannene
Bucks Beat Hiring Goals on Arena
Arena project has created at least 800 jobs for under-employed city residents.
May 23rd, 2018 by Jeramey Jannene
Bucks Unveil Arena Parking Garage
New garage to include tailgating, fast exits, glassy stairways and direct arena access.
Oct 31st, 2017 by Jeramey Jannene
The Deer District Rises
New arena, parking garage and training facility reshape Park East.
May 12th, 2017 by Jeramey Jannene
Bucks Arena Taking Shape
Distinctive design of arena's facade now clearly visible
Mar 3rd, 2017 by Jeramey Jannene
Bucks Select Apartment Developer
Up-and-coming development firm will build 90-unit building
Feb 24th, 2017 by Jeramey Jannene
Committee Okays Two Downtown Designs
Plus: What will the Bucks big announcement on Friday be?
Feb 22nd, 2017 by Jeramey Jannene
Arena Rises from Frozen Tundra
Snow and freezing weather didn't delay construction of the new Milwaukee Bucks arena.
Dec 16th, 2016 by Jeramey Jannene
Bucks Live Block is a Slam Dunk
Final design gets first approval today, poised for quick council approval.
Dec 5th, 2016 by Jeramey Jannene
New Bucks Arena From Above
Take a look at Milwaukee's biggest construction project.
Oct 7th, 2016 by Jeramey Jannene
Inside Walker’s Landing Apartments
Final residential development on Beerline adds 114 apartments and great views.
Aug 18th, 2016 by Jeramey Jannene
Bucks Arena Work Prep
Sewer relocation has this stretch of the Park East seeing activity for the first time in ten years.
May 27th, 2016 by Jeramey Jannene
Bucks Arena Design Approved
There were few objections other than by Ald. Kovac. Arena on track for June 18th groundbreaking.
May 17th, 2016 by Jeramey Jannene
How Urban is Bucks New Arena?
Not so much. The biggest problem with the new Bucks arena design is the ground floor.
Mar 18th, 2016 by Jeramey Jannene
Bucks Release New Arena Renderings Ahead of Design Submission to City
Arena to serve as centerpiece of new world-class sports and entertainment destination in downtown Milwaukee
Mar 16th, 2016 by Milwaukee Bucks
Bauman opposes Bucks plan to raze parking garage before new one is built
Nov 23rd, 2015 - Milwaukee Journal Sentinel - Tom DaykinEdens: Bucks will develop master plan for arena development
Sep 28th, 2015 - The Milwaukee Business Journal - Mark Kass
New Bucks Arena Approved
City completes final step of financing puzzle for new Bucks arena.
Sep 22nd, 2015 by Jeramey Jannene
Aldermen approve borrowing for the new arena
Sep 22nd, 2015 - Milwaukee Journal Sentinel - Tom DaykinMilwaukee Bucks arena funding likely to win Common Council support
Sep 21st, 2015 - The Milwaukee Business Journal - Rich Kirchen
City panel OKs $47 million for Bucks arena; opening may be delayed to 2018
Sep 15th, 2015 - Milwaukee Journal Sentinel - Tom Daykin
Bucks hope to break ground this year on Park East practice facility
Sep 9th, 2015 - Milwaukee Journal Sentinel - Tom Daykin
Should City Approve Subsidy for Bucks Arena?
The costs keep rising. And the benefits seem iffy.
Aug 26th, 2015 by Pat Small
City comptroller recommends approval of Milwaukee Bucks arena plan
Aug 25th, 2015 - Milwaukee Journal Sentinel - Tom DaykinBucks could unveil arena design by the end of August: Feigin
Aug 3rd, 2015 - The Milwaukee Business Journal - Rich KirchenCity help for Milwaukee Bucks development approved after community benefits debate
Jul 2nd, 2015 - The Milwaukee Business Journal - Sean Ryan
Panel gives preliminary approval to city’s part of Bucks arena package
Jul 2nd, 2015 - Milwaukee Journal Sentinel - Tom Daykin
Public hearing set on city’s proposed financing package for new arena
Jun 18th, 2015 - Milwaukee Journal Sentinel - Tom Daykin
The City’s Real Costs for Bucks Arena
The exact total is unknown, but will be much higher than media has reported.
Jun 17th, 2015 by Pat SmallPark East corridor underground site issues could cost $10 million to remedy
Jun 17th, 2015 - BizTimes
Bucks cash could help finance city’s parking structure
Jun 16th, 2015 - Milwaukee Journal Sentinel - Tom Daykin
County panel delays Park East land sale to Bucks development group
Jun 15th, 2015 - Milwaukee Journal Sentinel - Tom Daykin
Feds, state agree to Park East below-market land sales
Jun 9th, 2015 - Milwaukee Journal Sentinel - Tom DaykinBuilding data on this page, including assessment information, was last updated on April 5, 2024
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