Here’s the irony. Last year, now Gov. Scott Walker pushed through a $400 million taxpayer subsidy for a new arena for the billionaire hedge fund operators who own the Milwaukee Bucks. While County Executive Walker didn’t lift a finger to repair the Domes, he fought hard to help a professional sports team pay for their new digs.
And here’s an even bigger irony. As part of that deal, Milwaukee County agreed to be on the hook for $4 million a year. And how much borrowing would $4 million a year support with interest for 20 years? Well, just about $60 million or so.