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#Post#: 12943--------------------------------------------------
For $550 million you can get a few Bucks
By: wmd102 Date: April 16, 2014, 9:25 pm
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By now you have should have heard that Herb Kohl is selling the
Milwaukee Bucks for $550,000,000 twenty nine years after paying
$18,000,000 to buy them in the first place. :o
As part of the deal, Kohl will donate $100,000,000 if the new
owners donate an additional $100,000 towards the construction of
a new arena to replace the Bradley Center, a place the NBA has
deemed no longer viable as a facility past the 2019 season. The
odd the thing is, it was only 26 years ago that the Bradley
Center was built as a state of the art building for the NBA's
needs now it it obsolete ???
So what? It has already been announced that construction costs
will exceed the $200,000,000 so guess who is going to be asked
to cough up another $100,000,000? Hint: You can ask Mr Steve ;)
In summery, $250,000,000 for a building that might only last 25
years? That is $10,000,000 a year every year and no building at
the end. :P
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