Groundbreaking set for new Milwaukee Bucks arena - WAOW - Newsline 9, Wausau News, Weather, Sports

Groundbreaking set for new Milwaukee Bucks arena

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MILWAUKEE (AP) -- The Milwaukee Bucks will mark a milestone in the history of the NBA franchise when ground is broken for a new arena in downtown Milwaukee.

A ceremony and celebration is planned for Saturday at the new arena site just north of the Bucks' current home, the BMO Harris Bradley Center.

With the turn of a shovel, construction can begin on the $524 million arena that's expected to be ready for the 2018-19 season.

The Milwaukee Bucks have signed a 30-year lease with Wisconsin Center District, the public entity that will own the new arena. The Bucks will pay at least $1 million annually to rent the arena from the district with lease payments totaling $45 million over the term of the lease.

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