HBHA Press Release
July 7, 2015 | Categories: Community
FOR IMMEDIATE RELEASE
Contact: William Jenkins, President
Historic Brewers Hill Association Supports
Proposed Milwaukee Sports and Entertainment Arena
The Historic Brewers Hill Association sent correspondence to each of its elected officials today expressing its support for the proposed Milwaukee Sports and Entertainment Arena.
Historic Brewers Hill Association President William Jenkins wrote, “The project as proposed will be a major catalyst for economic development for the City of Milwaukee, Milwaukee County and the State of Wisconsin. With public funding representing 50% of the $500 million development costs, the return on investment is clear.”
Historic Brewers Hill Association Vice-President Teresa Mambu Rasch said, “Our Historic Brewers Hill neighborhood is the first residential neighborhood, along with Hillside and Halyard Park, due north of the Park East land. Our Brewers Hill neighbors, totaling over 1,000 residents, are proud of our City and want it to continue to be the first class city that we know it to be. Milwaukee, and the State of Wisconsin, cannot afford to lose Bucks and the ancillary development that this project will bring. It is imperative that the City’s neighborhoods – from the near south side to the near north side – be connected with a vibrant entertainment and business corridor along 6th Street that will be lined with family-supporting jobs.”
After meeting with City and County officials on June 30, the Historic Brewers Hill Association (HBHA) learned that if the proposed Milwaukee Sports and Entertainment Arena is not passed by our elected officials, residents of Wisconsin will:
– lose out on at least $195 million in income taxes over the next 30 years ($6.5 million annually),
– lose out on potential future increases in income taxes (projected at $169 million over 20 years),
– be responsible for $120 million in liabilities for Bradley Center improvements,
– lose out on approximately $400 million in ancillary development and 15,000 jobs related to the new arena and ancillary development potential,
– lose out on $1.1 billion of investment from investors from outside of Wisconsin ($150 million for arena, $550 million team purchase, $400 million in proposed ancillary development).
HBHA Board member Ashley Booth noted that, “As cities, regions and states throughout the U.S. become more competitive for global economic opportunities such as this, Wisconsin and Milwaukee have a once in a generation opportunity to make a simple, yet important decision. We implore our elected officials to vote in support of the arena project.”
The Historic Brewers Hill Association is a neighborhood association for individuals and households who are dedicated to a diverse, urban living in an historic neighborhood near downtown Milwaukee. The HBHA was founded in 1981 as a voluntary neighborhood group and is comprised of property owners and renters alike, governed by an elected Board of Directors, and known for its active membership.