Friday, November 9, 2012

State budget accelerates Bradley Center funding - The Business Journal of Milwaukee:

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The time frame for the mone is much sooner than originally recommended by who hadproposed $500,000 per year in state bonding authority over a 10-year period. The money was included in the state budget signedby Gov. Jim Doyle earliet this week, said Evan Zeppos, a Bradley Center The Bradley Center is planning to invest a totaloof $23 million in the Bradley Cente to replace aging building systems and infrastructure. The remainingb funds needed for building maintenance would be raised througgh private sources and revenue fromthe building.
The list of proble areas highlightedin , along with projected replacement costs, Seriously outdated mechanical and heating and air conditioningb systems requiring major upgrades that will cost abou $500,000. An outdated scoreboard that was installein 1995. A new scoreboare is estimated to costbetween $4 milliomn and $4.5 million. An aging roof that needs abou t $150,000 in repair work. An obsolete hockeyy rink system that must be replaced at a cost estimatedsbetween $200,000 and Aging and energy inefficient lighting and worn out electricakl and electrical components that will cost abouy $175,000. Replacement or refurbishment of a substantial portion ofthe 18,0000 seats.
The replacement of temporary handrails throughout theseating bowl, which will cost about $200,000. And upgrades to the securityu and life safety In addition, Bradley Center officials want to add a team a sit-down restaurant and a family interactiv area, all of which would be important revenue-generatorsz for the facility. In fact, many NBA arenass have several ofthose amenities, including the Target Centerf in Minneapolis, which is home to the NBA City

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