Election Count Down
Cost would be around $5-6 million La Crosse's fire chief continues to make his case ...
Release is not public WASHINGTON -- While Donald Trump won't publicly release his ...
UW-L poly scientist discusses debate RALEIGH, N.C. -- Donald Trump blamed the ...
Drugs estimated over $24,000 on streets  A drug bust in La Crosse over the weekend ...
State will be mandating chemical levels in near future So far, an examination of the ...

Police ready for Oktoberfest, as Torchlight Parade is upon La Crosse

28 September 2016
Police ready for Oktoberfest, as Torchlight Parade is upon La Crosse

Around 100,000 expected for Saturday's Maple Leaf parade

Mapleleaf parade route, spot-saving crackdown underway

28 September 2016
Mapleleaf parade route, spot-saving crackdown underway

No camping until after midnight Friday

Saudi Arabia threatens retaliation if sued over 9/11 attacks

28 September 2016
Saudi Arabia threatens retaliation if sued over 9/11 attacks

Kingdom will retaliate, cutting off contacts, pulling billions from U.S. economy

La Crosse Center waiting on Gov. Walker to approved $12 million in state funding

28 September 2016
La Crosse Center waiting on Gov. Walker to approved $12 million in state funding

Over 30 architects hoping to do the $50-million renovation

Justice delayed is justice denied

28 September 2016

Justice delayed is justice denied. That is why it is important to fill vacancies on our courts. It has now been an unprecedented 6 months since President Obama nominated Merrick...

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News

News

Tuesday, 27 January 2015 18:27

Walker Wants To Make Sure Bucks Stay Here

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No new taxes, no hole in the state budget, and no loss of Wisconsin's professional basketball team -- or the revenue they provide.

 

Those were the big talking points for Wisconsin Governor Scott Walker on Tuesday morning, as Walker outlined a plan to use NBA player tax revenues to finance $220 million in bonding for a new multi-purpose arena in downtown Milwaukee. In a short prepared presentation at the Metropolitan Milwaukee Association of Commerce, Walker noted that NBA players currently pay $6.52 million annually in state income taxes, and that the projected growth in player salaries (and thus tax collections) could finance the full $220 million in revenue bonds included in his new state budget. Central to that projected growth is the NBA's new nine-year, $24 billion TV deal starting in 2016, an agreement that will roughly triple the current $900 million in television money split among franchises.  Moreover, Walker also announced that if the team were ever sold during the tenor of the debt -- whether the franchise left Milwaukee or not -- the first draw on sale proceeds would go towards fully paying off the remaining debt obligation at that time.

 

Combined with the $250 million already pledged by current Bucks ownership and former owner Herb Kohl, Walker's proposed $220 million financing would put proposed project funding already in the vicinity of the $450 to $500 million estimated for a new arena. Not that anything is guaranteed: While Walker's proposal is included in the new state budget he's formally submitting this coming week, it would still require approval of the state legislature and thus will undoubtedly face challenges over the coming months.

 

Still, Walker's support, the packaging of the proposal and the sheer magnitude of the dollars being discussed should make this a banner day for Bucks fans. While the proposal is dependent on the league's continued growth, much of the short-term risk is mitigated by the league's new long-term TV deal, and ultimately this was always the cleanest way to use public funds without new taxes or a diversion of existing tax revenues.

 

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 15:16

Holmen Voters To See Two Ballot Questions In April

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Holmen school district voters in April will be asked to pass two

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 12:02

Vinehout Asks Where The Money Will Come From

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Democratic Party Chair of Wisconsin Mike Tate says Governor

Comment

Last modified on Monday, 25 May 2015 08:52

A year ago, voters in West Salem shot down a multi-million dollar school

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 10:15

Health Exchange Enrollments On Rise

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The Obama administration and its partners are shifting into high gear in the

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 10:06

Viking Cruise Lines Coming

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Viking boats may be coming to La Crosse in a couple of years...not with

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 10:05

Davids Votes For Flood Bill

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On Monday, the Minnesota House voted 132-0 in favor of a disaster relief

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 10:03

Bad 20's Going Around

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Someone's floating bad bills in Minnesota. Cops in Winona are looking

Comment

Last modified on Monday, 25 May 2015 08:52
Tuesday, 27 January 2015 10:01

Dells Cops Look For Missing La Crosse Man

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Police in Wisconsin Dells have been looking for a La Crosse man missing for

Comment

Last modified on Monday, 25 May 2015 08:52

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La Crosse fire chief pushing for new, fifth fire station. Cost around $5-6 million. https://t.co/RYQ1dPtSiK
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Saudi Arabia threatens if sued over 9/11 to cut off contacts, pull billions from economy https://t.co/kUlEmPnmCp https://t.co/VAdBjUc7vB
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RT @Viterbo_Univ: Register to Vote from 5–9 p.m. Thursday in the Reinhart Center Lobby. #vote #elections #voterregistrationday https://t.co…
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La Crosse Center waiting on Gov. Walker to approved $12 million in state funding. Over 30 firms hoping to do the... https://t.co/ZnP1T3VBgg

MITCH REYNOLDS PODCASTS

  • 2016-09-28
    La Crosse fire chief makes the case for a new fire station. Breaking down the big debate.
  • 2016-09-20
    Sprout for Kids donation and identifying criminal suspects by ethnicity.
  • 2016-09-19
    Wisconsin's first lady says home is gloomy after Packers loss and callers evaluate their terror levels.
  • 2016-09-16
    Free-for-all including solving poverty and body double in orange
  • 2016-09-15
    Goats and burros and pigs, oh my! Also Rick's dad talks about Sugar the cow