MILWAUKEE — To own a professional sports team is so often to achieve your heart’s desire.
Last year, two New York City hedge fund owners purchased the Milwaukee Bucks, a down at the heels N.B.A. team. The new owners smiled, took a victory lap around this handsome lakeside city and laid down their terms.
We’ll keep the Bucks in Milwaukee, the owners said, if the public foots half the cost of a $500 million arena. (The owners spoke of their “moral obligation” to the city and pledged $100 million toward their arena, with the remainder coming from other private funds.