FOR IMMEDIATE RELEASE
DATE: July 28, 2015
CONTACT: Laura Smith, 608.266.5504
Rep. Barca Statement on Passage of Bucks Arena Deal
MADISON – Today Assembly Democratic Leader Peter Barca (D-Kenosha) issued the following statement on the Bucks Arena deal passing the Assembly:
“My goal was to get the best deal possible for workers and taxpayers of Wisconsin – and I believe this deal does that.
“Making sure that Milwaukee remains a major-league city helps all of us and I am confident that the arena project will serve as a catalyst for economic development, investment and job creation for people in southeastern Wisconsin.
“For taxpayers, this deal will actually result in more state revenues to pay for our priorities like education and long-term care. If the Bucks left Wisconsin, we would lose more than $6.5 million a year in revenue from players like LeBron James playing in Milwaukee and paying Wisconsin income taxes. Under this deal, Wisconsin taxpayers will pay $3.5 million a year. Simple math reveals that keeping the Bucks in the state will be bringing in millions in additional revenue, even if the development doesn’t spark a single additional project, which I believe it will.
“We need to invest in economic development projects across the state, and I am proud to support this project just as I supported the Confluence project in Eau Claire, Amazon in my hometown of Kenosha and many other projects.”