Today, the Milwaukee Bucks organization joined Governor Walker for a signing ceremony of SB550, legislation that creates a Bucks specialty license plate that Wisconsin residents can purchase through the DMV later this year.
Eighty percent of the revenue generated from the specialty plates will be used to retire state debt for the new arena, while the remainder will fund a new Bucks charitable foundation. After the arena debt is retired, all of the revenue generated will be used for charitable purposes.
“We greatly appreciate the leadership of Governor Walker, Senator LeMahieu, Representative Tittl, and the Wisconsin legislature,” Bucks President Peter Feigin said. “These Bucks plates offer our fans a way to support a worthwhile cause while sharing their support of the team in a special way. We look forward to seeing Bucks plates all across the state very soon.”
Construction on a new downtown arena and surrounding sports and entertainment district will begin this summer, with the arena completed in time for the start of the 2018-19 NBA season. To learn more about the new arena and view renderings of the design, visit www.bucks.com/arena. The formal launch of the new Milwaukee Bucks Foundation will take place later this year.