Bucks plan arena site announcement by end of January

The Milwaukee Bucks are on pace to announce their preferred site for a new downtown arena by the end of January and will announce “two or three” new additional local investors in the team from the private sector in the coming weeks, team president Peter Feigin said today.
When asked about the pace of the negotiations to secure a downtown site for a new arena, Feigin said, “The expectations are yesterday” for Bucks principal owners Marc Lasry and Wesley Edens.

“We’re in the middle of boiling the ocean and doing it in the 30 days of January,” Feigin told a Milwaukee Press Club Newsmaker Luncheon with the Milwaukee Rotary Club at the War Memorial Center today.

The new local owners will join others who have agreed to invest in the team, including: Michael Barber, chief operating officer of G.E. Healthcare; Valerie Daniels-Carter, CEO of V&J Holding Companies; Virgis Colbert, former executive vice president of worldwide operations of Miller Brewing Co.; Giacomo Fallucca, CEO of Palermo’s Pizza; Jon Hammes, managing partner of the Hammes Co.; Charles Harvey, chief diversity officer and president of the Johnson Controls Foundation;  Jim Kacmarcik, president of Kapco Inc.;  Craig Karmazin, owner of Good Karma Brands; Gale Klappa, CEO of Wisconsin Energy Corp.; Mike Kocourek, president of Mid Oak Investments; Keith Mardak, chairman of Hal Leonard Corp; Ted Kellner, president of Fiduciary Management; Cory Nettles, founder and managing director of Generation Growth Capital; Teddy Werner, vice present of business development for the Milwaukee Brewers; and others.

Feigin said the Bucks owners believe a new arena could “spur” $1 billion in new real estate development in downtown Milwaukee.

“We want to change Wisconsin. We want to change Milwaukee…We want the Bucks to be the catalyst of that,” Feigin said. “We’re going to embrace the community. We got this.”

Feigin was greeted today by Rotarian Franklyn Gimbel, who is the chairman of the Wisconsin Center District Board, which oversees the nearby UWM Panther Arena and the Milwaukee Theatre. Some have suggested one or both of those facilities should be demolished to make room for a new arena.

“Call me,” Gimbel said as he walked away from Feigin before the luncheon began.
Feigin joked that he and Gimbel had “hugged three times.”

Feigin added, “Frank and the county and the state will be intimately involved” in the plan to build a new arena downtown.

 

Written by Nick Endress

Nick Endress

Nick the Quick Endress is an avid fan of basketball and hip hop, and a contributing writer with WJS since 2013. Nick has interviewed rappers, ballers, rapper ballers, and baller rappers on the site and continues to preach that the NBA should have a team in Europe. Maybe because Nick currently lives outside London where to them Football is actually played with your feet, can you believe this fatuousness?