Milwaukee, WI
Milwaukee Bucks G League team ‘no longer wants to work with’ Oshkosh Arena owners, may look to get out of lease.
Wisconsin Herd’s lease agreement runs until 2026 but a source revealed the team has opt-out provisions that could release them
OSHKOSH — The Wisconsin Herd may be looking for a new home.
Oshkosh could be in danger of losing the Milwaukee Bucks’ NBA G League team, as an inside source revealed the Herd “no longer wants to work” with Oshkosh Arena owner Fox Valley Pro Basketball Inc. after claiming it’s in violation of its current lease.
It’s not exactly certain how Fox Valley Pro Basketball Inc. is suspected to be in breach of the lease agreement, which runs to 2026, but the source explained the Herd has opt-out provisions that could release the team from that lease.
Efforts to contact officials from the Herd and its managing company, Future Bucks LLC, proved unsuccessful while Fox Valley Pro Basketball Managing Partner Greg Pierce declined comment.
News of the NBA G League team’s possible departure comes two months after Oshkosh Arena was listed for sale following a tumultuous seven-year stretch that has seen the owners file for bankruptcy while facing litigation.
Reports indicate the Herd is willing to stay in Oshkosh to work with new arena ownership, but that would depend on the timing of the sale.
Herd’s impact in Oshkosh: Wisconsin Herd, Oshkosh tout benefits of their relationship: ‘It puts Oshkosh on the map’
The Herd will have to finalize its home court arrangements before the G League schedule releases in early September.
The Herd likely has until August to nail down home court arrangements for the 2024-25 season, considering the NBA releases its G League schedule in early September.
But the sale of Oshkosh Arena may take longer than expected, as any deal would be contingent on Fox Valley Pro Basketball Inc. settling its current tax arrears with the City of Oshkosh.
According to the city’s finance department, the Oshkosh Arena owners currently owe more than $619,000 in combined personal property and real estate taxes.
It’s just the latest in a long series of financial struggles for Fox Valley Pro Basketball Inc. since it first built the arena to attract the Herd to Oshkosh in 2017.
The general contractor for what was then the Menominee Nation Arena sued the arena owners for an outstanding debt of $21.5 million in 2019 before Fox Valley Pro Basketball filed for bankruptcy, reporting more than 100 creditors.
Fox Valley Pro Basketball Inc. eventually reached settlements with the creditors, including the city of Oshkosh and the Herd, in 2020 before employees were locked out of the arena three years later as a result of fire code violations.
FVPB Managing Partner Greg Pierce says the plan was always to own Oshkosh Arena for seven to 10 years.
But Pierce told the Northwestern the arena’s listing has nothing to do with its financial challenges, as the initial plan was always to own the building for a seven- to 10-year period.
“We hired a consultant to market it and test the waters to see what we can get for it, and so far we have several groups looking at the building,” Pierce said in an interview with the Northwestern.
“If there’s nothing reasonable in terms of offers, then we continue on with the arena.”
The arena is listed on LoopNet as an 80,000-square-foot sports and entertainment building at 1212 S. Main St. without a price attached.
Young American Capital, SFR Realty and Main Line Executive Realty have been retained to manage the sale.
The listing also says the Oak View Group will manage the facility for the next 10 years while revenue is projected at $8 million next year as a result of sponsorship and booked events.
But that figure stands to take a significant blow if the Herd is no longer a tenant of the arena.
Oshkosh Chamber CEO Rob Kleman estimates each Herd home game generates $100,000 of economic impact in Oshkosh.
The City of Oshkosh would likely feel the pinch as well, as Oshkosh Chamber President/CEO Rob Kleman estimates each Herd home game generates about $100,000 of economic impact in the area.
The arena seats more than 4,000 people and the Herd averaged 87% capacity crowds in 24 home games during the 2022-23 season while selling out 11 of those contests.
According to team President Steve Brandes, the Herd also donated $277,000 to charitable causes that season.
And these are figures not lost on Oshkosh City Manager Mark Rohloff.
“We can’t take them for granted, so I’m working to make sure that they never leave,” Rohloff said when asked about the Herd’s impact on Oshkosh.
“I think they’re important to the community and I think they’re important to the success of the arena because the example I use is that of a mall — you need good anchors in the mall, and the Herd represents a credible anchor for the arena and that’s what perspective buyers will be looking at.”
Oshkosh beat out bids from La Crosse, Racine, Sheboygan and Grand Chute to become the home city for the Milwaukee Bucks’ G League team back in 2017.
And the Herd appeared entrenched in Oshkosh for the foreseeable future after signing a multi-year extension of their lease in 2022 that would see the team remain in Oshkosh Arena through to 2026 with a further option to extend until 2028.
Lease extension: Wisconsin Herd, the Milwaukee Bucks’ NBA G League team, extends lease with Oshkosh Arena
Milwaukee may not be obligated to keep its G League team in Wisconsin, either, as the Denver Nuggets (Grand Rapids Gold), Minnesota Timberwolves (Iowa Wolves) and Miami Heat (Sioux Falls Skyforce) all have their affiliates in outside states.
The Phoenix Suns don’t have a G League team.
Have a story tip or public interest concern? Contact Justin Marville at jmarville@gannett.com.
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MILWAUKEE – Where you live can have a significant impact on how much money you need saved for retirement. And according to a new study, Wisconsin ranks near the middle of the pack in terms of the most and least expensive states for retirees.
Big picture view:
MoneyLion, a consumer finance app and marketplace, examined how much money Americans would need to save each month to retire comfortably in each state. The study weighed factors such as average retiree household expenses, Social Security income and the age at which a person started saving for retirement.
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The study’s full methodology can be found on MoneyLion’s website.
What they’re saying:
Ted Jenkin, managing partner at Exit Wealth Advisors, told FOX Business that state income taxes and real estate property taxes are two of the biggest expenses that retirees need to look at. Thomas Aiello, National Taxpayers Union vice president of federal affairs, added that taxes are a reason some retirees may move to places like Florida, Texas and Tennessee – which offer no sate income tax or “death” tax.
How much in Wisconsin?
Local perspective:
Wisconsin ranked No. 28 in MoneyLion’s study, which determined someone would need to save $1,096,140 to retire comfortably at age 65. That’s based on a $54,807 average annual cost of retirement over 20 years.
To hit that number, MoneyLion said someone would need to start saving $2,030 per month at age 20 or $2,610 per month starting at age 30.
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By the numbers:
MoneyLion’s study also determined the following savings needed to retire comfortably at age 65 (as well as the average annual cost of retirement over 20 years) in neighboring states:
- Minnesota, No. 25: $1,162,628 ($58,131)
- Illinois, No. 34: $1,003,326 ($50,166)
- Michigan, No. 42: $868,526 ($43,426)
- Iowa, No. 43: $821,180 ($41,059)
Hawaii was the most expensive state for retirees, with $3,132,206 needed to retire comfortably at age 65. The most affordable state in the study was West Virginia, with $664,463 needed to retire comfortably at age 65.
The Source: Information in this story is from the MoneyLion study, which referenced data from the U.S. Census Bureau, Bureau of Labor Statistics and other sources. LiveNOW from FOX and FOX Business contributed to this report.
MILWAUKEE — Milwaukee Recreation held its Partnership for the Arts and Humanities Showcase Friday at North Division High School, bringing together students and community organizations to celebrate arts education in Milwaukee.
The event featured performances, visual art, and cultural programming from a range of partner organizations that work with Milwaukee students before and after school, on weekends, and during the summer.
Ariana Holmes, a recreation supervisor with Milwaukee Recreation, said the showcase highlights the breadth of arts and humanities programming available to young people across the city.
Watch: Milwaukee Recreation hosts youth arts and humanities showcase
Youth Arts and Humanities showcase underway
“This is one of our programs out of many, many at Milwaukee Recreation, but it centers a celebration of arts and humanities in our before and after school programming,” Holmes said. “All of the partners that you see here today, they run programs with Milwaukee students after school, on the weekends, during the summer, making sure that every kid in Milwaukee has access to really wonderful arts and humanities education.”
Organizations represented at the event included Bembe Drum and Dance, Woodland Pattern, All Hands Boat Works, and Running Rebels, among others.
“We have such a wonderful range that really celebrates the diversity that is the arts and humanities,” Holmes said. “We have Bembe Drum and Dance, they’re drumming for us and dancing on stage right now. We have Woodland Pattern, who does poetry with young people in Milwaukee. We have organizations that help build boats with young people, All Hands Boat Works, really just an incredible range.”
Students can sign up for the programs through Milwaukee Recreation, which connects them with partner organizations that run programming both in schools and at their own locations. Holmes said an arts internship for high schoolers is planned for the summer.
“This summer, we’ll be doing an arts internship for older kids, high schoolers to be engaged in arts, so it really is just like a really wonderful diversity of experiences,” Holmes said.
Information about Milwaukee Recreation programs is available through the organization’s printed guides, which are mailed to Milwaukee residents. Residents are encouraged to pick up the guides and explore opportunities for their children to get involved.
This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.
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MILWAUKEE — Five teenagers were arrested on Thursday following a police pursuit that started on the 5500 block of W. Silver Spring Drive at around 10 a.m.
The teenagers were seen by the Milwaukee Police Department in a wanted vehicle that was involved in an armed robbery, and attempted to stop the vehicle.
The driver refused to stop, starting the police pursuit.
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The pursuit ended when the suspect exited the vehicle and started to run on foot on W. Appleton Place, according to MPD.
MPD then arrested a 16-year-old female, a 16-year-old male, two 17-year-old females, and a 15-year-old male.
Criminal charges will be referred to the Milwaukee County District Attorney’s Office.
Let’s talk:
Hey there! At TMJ4 News, we’re all about listening to our audience and tackling the stuff that really matters to you. Got a story idea, tip, or just want to chat about this piece? Hit us up using the form below. For more ways to get in touch, head over to tmj4.com/tips.
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