2015 - Arena and City is Up in the Air
On July 6, 2015, Bucks president Peter Feigin stated if public funding for a new arena falls through, the NBA may buy the team and move it to Las Vegas or Seattle. The latter city could be the frontrunner, as the city had a proven fanbase with the Seattle SuperSonics (a name the Bucks would more than likely pick up with a move to the city), and the NBA only needs a $25 million profit to buy the Bucks and move them to one of the two aforementioned cities. Current Bucks owners Wes Edens, Marc Lasry and Jamie Dinan combined with Herb Kohl to pledge $250 million for the new arena and are seeking a match from the public. Of those funds, $93 million would come from the Wisconsin Center District in the form of new debt on Milwaukee citizens. The district wouldn’t commence repaying the bonds until 13 years thereafter.