American Family Field`s long-term renovations funding plan includes a provision requiring Milwaukee Brewers executives and local officials to study commercial development at the stadium parking lots.
Any possible development is likely several years away ? assuming it can overcome many obstacles, said Rick Schlesinger, Brewers president of business operations. But the ballclub is open to the idea, he said.
Schlesinger`s comments came during a recent state Senate hearing on the legislation. It calls for the state spending $411 million, and Milwaukee County and City of Milwaukee together spending $135 million, over nearly 30 years.
In return, the Brewers` lease at the publicly owned American Family Field would extend from the end of 2030 to 2050. Also, the ball club would provide $100 million for improvements.
Here`s what to know.
The development issue is tied to stadium funding
Senate Democrats are raising the development issue because they want property tax revenue generated for the county and city. Both face fiscal challenges even as they help finance AmFam Field`s improvements...
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- - Volume: 11 - WEEK: 45 Date: 11/8/2023 3:07:38 PM -