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Big announcement on Bradley Center's future expected Monday

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Photo: Video by tmj4.com

Big announcement on Bradley Center's future expected Monday

By Charles Benson and The WTMJ News Team. CREATED May 20, 2012

MILWAUKEE - TODAY'S TMJ4 has learned the Milwaukee Bucks will make a big announcement Monday concerning the Bradley Center's future.

Sources say several local businesses are stepping up to make a financial committment to the Bradley Center.

The Bradley Center is considered the oldest and smallest NBA facililty in the league despite being nearly 25 years old. Just this month, Bucks owner Herb Kohl told TODAY'S TMJ4's Lance Allan it's time for a new stadium.

"I think its worth the effort, it's been worth the effort that we put into keeping our team here over the years," Kohl says. "I believe it's worth the effort in trying to keep the team here in the years to come."

The 77-year old retiring U.S. Senator is expected to put millions of dollars of his own money into a new facility, but the old facility needs help now. Some of that will come Monday when the Metropolitan Milwaukee Association of Commerce announces the results of its Champions of the Community effort.

A source says "more than a dozen leading business" will step up with several milllions of dollars to help the Bradley Center stay fianancially viable for the next few years.

Those extra years will help the Bucks and the community figure out how and if a new facility can be built to keep the Bucks here even longer.

The Bradley Center cost $90 million to build.

A new facility could cost more than $300 million.