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Kohl to add partners for new Bucks arena

Bucks owner Herb Kohl is considering adding to the team's ownership group in hopes of building a new arena that he said is ''imperative'' for the team's future in Milwaukee.

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Kohl said Monday he has hired a firm to help in the search for new partners, and that if any new partners are added, they will be committed to keeping the team in Milwaukee.

That means a new arena to replace the 25-year-old BMO Harris Bradley Center, also home to Marquette basketball and the Milwaukee Admirals of the AHL.

''In addition to committed ownership, it is imperative that we get to a new 21st century sports and entertainment facility in a timely manner, not only for the Bucks but also for the more than 1.5 million visitors who attend nearly 200 events held there each year,'' Kohl said in a statement.

Kohl, who recently retired after years as a U.S. senator, bought the Bucks in 1985. They are a team that's frequently a candidate for a move because of the age of their arena, but Commissioner David Stern said Kohl's decision shows he is dedicated to preventing that.

''With this announcement, Sen. Kohl continues his mission: to assure continuity of Bucks ownership by broadening its ownership base, and assuring that the fans of Wisconsin will enjoy NBA basketball and other events in a new state-of-the-art facility,'' Stern said.

Kohl and Stern both said Kohl bought the team with the goal of keeping it in Milwaukee, and that remains a priority now.

''We are proud to be an NBA city,'' Kohl said. ''We are very grateful to our fans and business partners who support us. I am especially proud of the extraordinary people in the Bucks organization who work tirelessly to deliver a good product and great entertainment.''

Allen & Co. has been retained to help Kohl with the search.

Copyright 2017 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
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