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Paul Ryan defends tax breaks for Foxconn at town hall

Tuesday, 22 August 2017
Paul Ryan defends tax breaks for Foxconn at town hall

Speaker's first town hall in district in nearly two years; questions were preselected 

Realtors not alarmed despite sluggish home sales pace

Tuesday, 22 August 2017
Realtors not alarmed despite sluggish home sales pace

Sales dropped by 9% in La Crosse County, 5% statewide 

Eclipse draws young and old to Riverside Park

Tuesday, 22 August 2017
Eclipse draws young and old to Riverside Park

Event considered most viewed and photographed in history 

Support for La Crosse's 1st "neighborhood greenway" at public meeting

Tuesday, 22 August 2017
Support for La Crosse's 1st "neighborhood greenway" at public meeting

Project on 17th to cost over $1 million 

Wednesday - January 28, 2015 10:45 am

Gundersen Tops List of Taxpayer Heavyweights Again

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The few thousand dollars you pay in property taxes to the city of La

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Last modified on Monday - May 25, 2015 8:52 am
Wednesday - January 28, 2015 10:45 am

Poage Park High on List of City's Park Priorities

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On Steve Carlyon's big list of things to do this spring: Start work on the

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Tuesday - January 27, 2015 6:27 pm

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.

 

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Tuesday - January 27, 2015 3:16 pm

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

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Last modified on Monday - May 25, 2015 8:52 am
Tuesday - January 27, 2015 12:02 pm

Vinehout Asks Where The Money Will Come From

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Democratic Party Chair of Wisconsin Mike Tate says Governor

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Tuesday - January 27, 2015 10:19 am

West Salem School District To Go Ahead With Referendum

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

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Last modified on Monday - May 25, 2015 8:52 am
Tuesday - January 27, 2015 10:15 am

Health Exchange Enrollments On Rise

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

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Last modified on Monday - May 25, 2015 8:52 am
Tuesday - January 27, 2015 10:06 am

Viking Cruise Lines Coming

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

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Last modified on Monday - May 25, 2015 8:52 am
Tuesday - January 27, 2015 10:05 am

Davids Votes For Flood Bill

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

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Tuesday - January 27, 2015 10:03 am

Bad 20's Going Around

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

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Last modified on Monday - May 25, 2015 8:52 am

Better Foxconn deal needed for Wisconsin taxpayers

22 August 2017

If Foxconn comes to Wisconsin, it could provide a huge boost to the Wisconsin economy. But the word “could” needs to be spelled with a capital C. The deal the...

Radio, movies, music that were popular 53 years ago

Friday, 18 August 2017

In 1964, local radio stations broadcast lots of high school sports. WKTY in La Crosse was broadcasting the WIAA basketball playoffs at all four levels, from regional to state. In...

MITCH REYNOLDS PODCASTS