UPDATE: Wisconsin governor announces deal for new $500M Bucks ar - WAOW - Newsline 9, Wausau News, Weather, Sports

UPDATE: Wisconsin governor announces deal for new $500M Bucks arena

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MADISON, Wis. (AP) -- Wisconsin Gov. Scott Walker has announced a deal to pay for a new arena for the Milwaukee Bucks that relies on $250 million from taxpayers and at least $250 million from current and former team owners.

The NBA has said it will buy the team and move it unless a new stadium is built by 2017. The new arena would replace the 27-year-old BMO Harris Bradley Center in downtown Milwaukee.

It's unclear whether the deal will have enough votes to pass the Republican-controlled Legislature, where some members have been unhappy about the public cost.

But Walker argues that doing nothing means the state will lose out on income tax revenue if the Bucks relocate.

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