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Wisconsin Gov. Walker announces deal for new $500M Bucks arena

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JUN 04, 2015 4:35p ET

JUN 04, 2015 4:35p ET

Wisconsin Gov. Scott Walker, seen here in a file photo, has argued for months that it will cost the state more in lost income-tax revenue if the NBA moves the Bucks from Milwaukee than it will to pay for a new downtown arena.

MADISON, Wis. (AP) -- Taxpayers would foot half the cost of a new $500 million arena for the Milwaukee Bucks under a financial deal that would rely on current and former team owners for the rest, Gov.