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Wisconsin Assembly approves Milwaukee Bucks arena deal

JUL 28, 2015 1:41p ET

JUL 28, 2015 1:41p ET

MADISON, Wis. (AP) The Wisconsin state Assembly has passed a bill to have taxpayers pay $250 million to help pay for a new Milwaukee Bucks arena.

The bill passed on a bipartisan 52-34 vote Tuesday. The measure now goes to Gov. Scott Walker who has been working with lawmakers to reach a deal.

Under the agreement, current and former Bucks owners will pay $250 million toward the cost of the arena. The taxpayer portion will eventually grow to about $400 million over 20 years.