Real Estate, Development & Construction| Client Successes

P3 Spreads Risks and Benefits of New Milwaukee Arena


The NBA’s Milwaukee Bucks threatened to leave the city without public funding for a new arena. The Wisconsin Center District (representing the public entities and the ultimate owner of the new facility) needed an experienced sports facilities advisor to assist in creating a public-private partnership (P3) to develop, finance, own and operate a new $524 million arena.


As lead counsel for the politically sensitive project, Husch Blackwell created the arrangement in which the principal parties equitably share the liability and benefits of the private-public venture. By the end of the negotiations, the Wisconsin Center District obtained annual rent of $1 million, escalating each year, and one of the strongest non-relocation agreements in professional sports.