Quote Originally Posted by Goose85 View Post
Different project. There is currently nothing around the new arena site you can take property taxes from in the form of a TIF. You need property taxes to pay for a TIF.

The BC doesn't pay property taxes so you can't take tax money from the BC. Same with the UWM Arena. The projects a few blocks north, can't imagine anything coming from there. MATC and vacant lots around the proposed new area, not much coming from there.

So basically from the new facility through the convention center there is currently no property tax money being generated to pay for a TIF. A couple bars / restaurants and the JS building and maybe the Moderne are not throwing off enough property tax revenue to cover the payments on a $100 million bond.

So if that is the case and Milwaukee is being asked to pay with a TIF, that could be very risky if there are delays in the developments near the stadium.
Milwaukee is not like the State, Milwaukee can't divert increases in income tax (the jock tax) to pay for a bond. It would have to come from property taxes.
I thought they were going to tear the Bradley Center down and build something there.