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Video caught June 30 near Crivitz  CRIVITZ, Wis. -- A woman in northeast Wisconsin ...
Unknown funding could cause multiple problems for public schools  While the ...
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Trump blames media for condemnation of comments on Virginia

Wednesday, 23 August 2017
Trump blames media for condemnation of comments on Virginia

In comfort of fervent fans, Trump resurrects free-wheeling 2016 campaign style, pinging insults at p...

Wisconsin finance committee selling Senate on $3 billion for Foxconn

Wednesday, 23 August 2017
Wisconsin finance committee selling Senate on $3 billion for Foxconn

Many lawmakers expressed skepticism during meeting Tuesday 

Wisconsin not just Top 10 again, but No. 1 in health care

Tuesday, 22 August 2017
Wisconsin not just Top 10 again, but No. 1 in health care

State hasn't been off Top 10 since report started in 2007 

Republicans still searching for Wisconsin budget deal

Tuesday, 22 August 2017
Republicans still searching for Wisconsin budget deal

Walker said it's done in principle, while Vos said talks continue 

Wednesday - January 28, 2015 11:27 am

Students, Staff Rally Around Principal

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The halls of Northside Elementary were filled with students and staff in

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Wednesday - January 28, 2015 11:25 am

BRF Man Hit BY Car Walking Home From Work

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A man walking home from work in the dark was hit by a car in Black River

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Wednesday - January 28, 2015 11:23 am

Long Time Polar Plunge Coming

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About 200 people have signed up to jump into the Mississippi, for an annual

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Wednesday - January 28, 2015 11:22 am

Davids Reacts to Governor's Budget Proposal

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Governor Mark Dayton's $42 billion plus budget for the next two years was

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Wednesday - January 28, 2015 11:20 am

Doyle Has Concerns On UW System Cuts

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State lawmaker Steve Doyle says when he taught classes at UW-L in the late

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Wednesday - January 28, 2015 10:46 am

Standoff Report; Officers Showed Restraint, Acted Honorably

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Commendations could be on the way for three La Crosse police officers who

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Wednesday - January 28, 2015 10:45 am

Gundersen Tops List of Taxpayer Heavyweights Again

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The few thousand dollars you pay in property taxes to the city of La

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Wednesday - January 28, 2015 10:45 am

Poage Park High on List of City's Park Priorities

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On Steve Carlyon's big list of things to do this spring: Start work on the

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Tuesday - January 27, 2015 6:27 pm

Walker Wants To Make Sure Bucks Stay Here

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No new taxes, no hole in the state budget, and no loss of Wisconsin's professional basketball team -- or the revenue they provide.

 

Those were the big talking points for Wisconsin Governor Scott Walker on Tuesday morning, as Walker outlined a plan to use NBA player tax revenues to finance $220 million in bonding for a new multi-purpose arena in downtown Milwaukee. In a short prepared presentation at the Metropolitan Milwaukee Association of Commerce, Walker noted that NBA players currently pay $6.52 million annually in state income taxes, and that the projected growth in player salaries (and thus tax collections) could finance the full $220 million in revenue bonds included in his new state budget. Central to that projected growth is the NBA's new nine-year, $24 billion TV deal starting in 2016, an agreement that will roughly triple the current $900 million in television money split among franchises.  Moreover, Walker also announced that if the team were ever sold during the tenor of the debt -- whether the franchise left Milwaukee or not -- the first draw on sale proceeds would go towards fully paying off the remaining debt obligation at that time.

 

Combined with the $250 million already pledged by current Bucks ownership and former owner Herb Kohl, Walker's proposed $220 million financing would put proposed project funding already in the vicinity of the $450 to $500 million estimated for a new arena. Not that anything is guaranteed: While Walker's proposal is included in the new state budget he's formally submitting this coming week, it would still require approval of the state legislature and thus will undoubtedly face challenges over the coming months.

 

Still, Walker's support, the packaging of the proposal and the sheer magnitude of the dollars being discussed should make this a banner day for Bucks fans. While the proposal is dependent on the league's continued growth, much of the short-term risk is mitigated by the league's new long-term TV deal, and ultimately this was always the cleanest way to use public funds without new taxes or a diversion of existing tax revenues.

 

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Tuesday - January 27, 2015 3:16 pm

Holmen Voters To See Two Ballot Questions In April

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Holmen school district voters in April will be asked to pass two

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Better Foxconn deal needed for Wisconsin taxpayers

22 August 2017

If Foxconn comes to Wisconsin, it could provide a huge boost to the Wisconsin economy. But the word “could” needs to be spelled with a capital C. The deal the...

The Eagles were national football champs, 25 years ago

Wednesday, 23 August 2017

The UW-L football Eagles took the NCAA Div. III championship in the fall of 1992, seven years after becoming national champions in the NAIA. Coach Roger Harring won a "Coach...

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