Wisconsin will help build a new basketball arena for the Milwaukee Bucks with $220 million in bonds that would be funded by projected growth in income taxes from NBA players, Gov. Scott Walker proposed Tuesday. The Republican governor said his ''Pay Their Way'' proposal would protect the state's taxpayers, while keeping the team in Milwaukee. A new arena in downtown Milwaukee could cost about $450 million to $500 million. Under what Walker called a ''first-of-its-kind'' plan, the more than $6.5 million that's collected from taxes on the salaries of the Bucks and visiting NBA players would continue to go to the state's general fund.
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