tag:blogger.com,1999:blog-3426800777521979578.post5988507282705375276..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: Bucks project expands, but who'll pay the bill?Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3426800777521979578.post-80065155218145151692015-04-17T19:14:42.014-05:002015-04-17T19:14:42.014-05:00Bucks getting big cheers for planning to build pra...Bucks getting big cheers for planning to build practice facility & more. At very least, they'll likely get free land & pay no taxes for all their projects, adding them to the "district". At worst, taxpayers may end up paying to build them, too. Bradley Center district could not make a go of running one off-site restaurant (at Turner Hall) but it was just a lease that was cancelled. They want to take over huge swaths of property--including a city-owned parking/commercial structure that makes a million a year, Ugly's & other venues on 3rd St., Sydney Hih parcel, major amounts of Park East. We won't have as many vacant lots but city tax base will be far worse off w/all that new development and NO NEW TAXES!PublicPurseDefendernoreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-78884287678351307772015-04-15T20:41:31.886-05:002015-04-15T20:41:31.886-05:00Bucks are also talking about "other developme...Bucks are also talking about "other development" in Park East as well (such as a training facility, maybe hotel someday). Not sure if that will be tax-exempt, but this annex absolutely was presented as integral part of the 27-acre arena complex pictured in renderings. Their goal is to get more businesses under the umbrella of Bucks' revenue skim, tax exemption, etc, all taxpayer funded. And they're calling the annex a public space, even though it's a multi-floor mall.nightclub. They said they're modeling it after "Kansas City Live" which has a strict "dress code" and entry is for 21 & over. Not like any public space I know of. Public Risk. Private Reward. Same as it ever was with sports venues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-73958586537241246242015-04-15T16:38:03.481-05:002015-04-15T16:38:03.481-05:00Milwaukee's Bruce Murphy mentions the parking ...<a href="http://urbanmilwaukee.com/2015/04/14/murphys-law-the-secret-tax-subsidy-society" rel="nofollow"> Milwaukee's Bruce Murphy mentions the parking garage in his new article today, </a> as well as it her in-kind donations the city would be making with this project. <br /><br /> It does seem that the new development won't be part if the tax exemption, but I still want to see it on writing in the billJake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-79044164044877554122015-04-15T10:35:30.446-05:002015-04-15T10:35:30.446-05:00From all Bucks prez Feigin has said about wanting ...From all Bucks prez Feigin has said about wanting to be as "opportunistic" as possible and get as big a footprint as they can (about 27 acres) it looks like this "arena annex" will all be under the tax-exempt umbrella. Bucks will likely get a big cut of all revenues, as they do now from every BC transaction, and the "public" arena authority will have to cover all upkeep, management (getting/keeping tenants), and trying to cover all deficits. (All pain, no gain.) BC can't keep up now with the Bucks revenue share ($4.7M of total $11M receipts in 2014), so ticket surcharges, MU * Admirals rent, $10 in state subsidies, biz sponsors try to make up for it. And the arena was a gift!. There's no way for this to return taxpayer investments, or as "econ development, but the pretty pictures will make everyone swoon and sign on the dotted line. Bait & switch. Heads, Bucks win, tails, we all lose!<br />Oh, and the city will hand over the garage it built for $25M, plus $1M in annual income, to build this new "live block" PLUS pay for a new parking garage, so Bucks can get revenue from that. A great way to screw MKE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-60572211735756377352015-04-12T20:50:35.323-05:002015-04-12T20:50:35.323-05:00Looks like a hipster paradise!
Looks like a hipster paradise!<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-15752040094916892882015-04-12T20:28:11.576-05:002015-04-12T20:28:11.576-05:00If the added development is exempt from property t...If the added development is exempt from property taxes, that seems like a helluva giveaway. I would caution that I'm not sure the extra buildings do fall under that exemption. I sure hope not, and I'd ask the legislators to make sure they ARE notJake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-86857229879710172272015-04-12T17:12:22.775-05:002015-04-12T17:12:22.775-05:00So in other words the so called property tax exemp...So in other words the so called property tax exemption for all the businesses located in the "Sports Complex" is really nothing more than a taxpayer funded handout to the wealthy.Anonymousnoreply@blogger.com