Saturday, September 10, 2005

The MLS and Milwaukee

If Milwaukee Professional Soccer wants a team, they need to get working. Commissioner Don Garber says that the group has to November to acquire land for its mixed-use project and identify a lead investor.

Martin J. Greenberg, the leader of the Milwaukee project has indicated six things that need to happen to get a club.

- a downtown site
- tax-incremental financing or creation of a TIF district
- new market tax credits from the real estate development
- a capital infusion from investors
- a high visibility location and stadium naming rights that could bring in $1 million to $2 million per year
- building a mixed-use development with the soccer stadium as a centerpiece and surrounded by restaurants, retail outlets and commercial and housing space.

It is going to be a very busy two months for Mr. Greenberg.

Greensberg has a great reason for wanting a downtown stadium. "Downtown (in Milwaukee) would be great. You love that feeling of being able to go from the pub to a game or from restaurants to a game."

So true.

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