The Milwaukee Post

June 06, 2014

Milwaukee Post

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Milwaukee needs the new Bucks own- ers Wes Edens and Marc Lasry more than they need Milwaukee. Wisconsin needs the new Bucks own- ers, Wes Edens and Marc Lasry, more than they need Wisconsin. The greatest reason for hope that a new arena will be built and the Bucks will stay in Milwaukee: Wes Edens and Marc Lasry. And it is all about a new arena. My excitement over the new ownership because of the guaranteed improvement in the quality of play by the Bucks is no more than a great weekend trip without a new building. I am cautiously pessimistic regarding the big plans about an arena being part of a larger project. I've been living in Wisconsin for most of the past 25 years and can't think of a single such project ever taking place in Milwaukee. The Bradley Center itself exists only because of generous gift. I'm not convinced the Bucks would be in Milwaukee today with- out the kindness of Jane Pettit. No gift this time, and I'm supposed to believe that a new arena and MORE will be built? I turn cautiously pessimistic into cau- tiously optimistic because of the presence of Wed Edens and Marc Lasry. They can be the difference. They must be the differ- ence. They had the following comments in an interview conducted by Gabe Neitzel and I on 540 ESPN Milwaukee and 100.5 ESPN Madison. TRUE-NEITZEL: The No. 1 issue has to be the arena. What has to be done and when? EDENS: Shovel in the ground in 2017. That's how the contract works. The league wants to keep the team in Milwaukee. They want the team to be competitive. They think it needs a new venue to do so, and we agree with that. Everyone asks our backup plan. There is no backup plan. TRUE-NEITZEL: No shovel in the ground (in 2017) and you and Marc are allowed to go somewhere else (with the team)? EDENS: No. The way it works, the NBA is able to buy the team back from us. TRUE-NEITZEL: You agreed to that? EDENS: We did. We told them early on we don't want to be the guys to move the franchise. Thirty years later, people hate Robert Irsay (who moved the Baltimore Colts to Indianapolis). I don't want to be Robert Irsay. TRUE-NEITZEL: I don't think there can be a general tax that the public is required to pay in support of a new arena. EDENS: The senator made a $100 mil- lion gift. Marc and I have committed capi- tal to it. There are many different tools in the tool kit to finance things like this. We will come up with a solution. TRUE-NEITZEL: Why don't you (and Marc) build it? EDENS: It's not just our asset. It's an asset that produces a lot of tax revenue for the city of Milwaukee (and) for the state of Wisconsin. Players come here to play. We are willing to be a very substan- tial part of the solution. I don't think it's appropriate for us to be the only part of the solution. TRUE-NEITZEL: (Shovel in the ground in 2017) When should I worry? EDENS: If we are still standing still a year from now, I would be worried. LASRY: It will get done. Over the next year or next two years, this is our biggest focus. We didn't buy the team to have it end up being taken from us in three years. We bought it because we believe we can get an arena done. We will figure out a way. I've got 100 percent confidence in that. When you have no choice, you end up making sure that things happen. Wes Edens and Marc Lasry. They must change Milwaukee. Milwaukee must NOT change them. June 6, 2014 • Milwaukee County Post • 11 "HOMER" on SPORTS STEVE "The HOMER" TRUE (Ste v e "The Homer" True, host of "Homer and Gabe Show," heard from 3 p.m. to 6 p.m. weekdays on 540 ESPN, can be reached at homer@espnmilwaukee.com) Bucks' future here hinges on new arena Edens Lasry La Vieille Ferme Rouge . . . . . . . . . . . . $6.99 Mamertino . . . . . . . . . . . . . . . . . . . . . $9.29 Conquista Malbec . . . . . . . . . . . . . . . . $5.39 Ranga Ranga Sauvignon Blanc . . . . . . . $9.49 Thorny Rose Red Blend . . . . . . . . . . . . $7.99 Washington Hills L.H. 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