The new plan would replace the one Gov. Walker put forward. He recommended the state borrow $220 million. Mayor Barrett opposes the lower amount.
Under Walker's proposal, Wisconsin would repay the borrowed money using the income taxes the NBA players pay to the state. Yet, from the beginning, some Republican lawmakers made it clear that they think Walker’s plan is too expensive.
The new plan on the table calls for the Board of Commissioners of Public Lands to lend the state $150 million to put toward a new downtown arena. The board is Wisconsin’s oldest agency.