Wisconsin Center District Updates Timeline for Completion of the Wisconsin Center
The WCD funding subcommittee has reviewed the submissions and has identified Morgan Stanley as the lead investment banking firm for the potential debt offering.
New convention center. Rendering by Populous.
MILWAUKEE, WI – (May 10, 2019) – In a Board Meeting this morning, the Wisconsin Center District shared an updated timeline for the funding portion of the completion of the Wisconsin Center.
An RFQ was publicized to financial institutions in mid-April with a deadline of noon on May 1, 2019. Thirty four responses were received, with ten respondents offering to serve as the lead investment bank. The WCD funding subcommittee has reviewed the submissions and has identified Morgan Stanley as the lead investment banking firm for the potential debt offering.
“We were overwhelmed by the credentials and number of financial institutions who responded to our RFQ and very encouraged by the level of interest in our project,” said Marty Brooks, President and CEO of the Wisconsin Center District. “The responses endorse our belief that completing the Wisconsin Center will serve as an economic accelerator to convention business in our state.”
“Our subcommittee is comprised of experts in convention business, commerce, and finance. We have multifaceted representation with the intention of presenting the most educated recommendations to the Board for this important project,” said Jim Kanter, Chairman of the Board of the Wisconsin Center District.
The subcommittee plans to provide financing plan recommendations to the WCD Board later this year. During that time the WCD also plans to issue an RFQ for architectural firms to begin proposals on design and layouts of the Convention Center completion.
More information on the need for a larger convention center as well as the corresponding economic impact of such a facility in Milwaukee is available here. The next meeting of the WCD Board is scheduled for Friday, August 16.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Wisconsin Center expansion
- $456 Million Baird Center Opens With Big Promises, Vision - Jeramey Jannene - May 16th, 2024
- Public Can Tour Baird Center Expansion - Jeramey Jannene - May 7th, 2024
- See Inside The Massive Baird Center Expansion - Jeramey Jannene - Apr 18th, 2024
- Baird Center Selects Artists, Works To Be Displayed - Sophie Bolich - Jan 22nd, 2024
- City Hall: Council Wants New Deal, Says Convention Center ‘Outsmarted’ City - Jeramey Jannene - Oct 16th, 2023
- ‘Polka Time!’ Escalator Gets Celebratory Sendoff - Sophie Bolich - Aug 18th, 2023
- Eyes on Milwaukee: Baird Center Reaches Highest Point - Jeramey Jannene - May 11th, 2023
- Wisconsin Center Makes Deal to Save Literary Artwork - Bruce Murphy - May 1st, 2023
- Wisconsin Center Pauses Art Removal - Jeramey Jannene - Apr 14th, 2023
- Eyes on Milwaukee: Expanded Convention Center Will Be Named For Financial Firm Baird - Jeramey Jannene - Mar 10th, 2023
Read more about Wisconsin Center expansion here
Recent Press Releases by Wisconsin Center District
Beyond Monet: The Immersive Experience Nears Final Week
Dec 29th, 2022 by Wisconsin Center DistrictLast chance to visit exhibit before completing run at Wisconsin Center on Jan. 8
Beyond Monet: The Immersive Experience Offers Free Admission to Veterans
Nov 10th, 2022 by Wisconsin Center DistrictVeterans and active-duty service members are welcomed to the exhibit on Veteran’s Day at no cost
