The Milwaukee Bucks are pitching the perks that come with the one remaining suite at their new arena, which will open this fall.
Progress continues to be made on the construction of the downtown arena that the Bucks will call home beginning with the 2018-19 NBA season. Indications are that the response to the new arena has been strong in terms of suite sales, as the team has reportedly leased all but one of its 34 suites.
The one available suite comes with a starting price of $295,000 per year and is accessible on non-event days, allowing it to be used for meetings or other gatherings. More from The Journal Sentinel:
The price: $295,000 a year for seven, 10 or 12 years. (The annual price depends on how long you lock in for.) The Bucks hope the suite will generate between $2.5 million and $4.2 million depending on the length of the lease signed.
Prospects settle into the plush leather seats and hear that the suite is more than a place to enjoy Bucks games. Suite owners get access for every event at the arena — not just Bucks games — and are encouraged to use the space on non-event days.
“You can have a meeting in here,” said Jed Justman, senior director of premium sales. “This can be an extension of your office, whenever you want, at no extra charge.”
Parking for up to five cars on the second or third level of the new skywalk-connected ramp is included.
The new arena is slated to anchor a larger downtown Milwaukee development project, which will eventually include a new entertainment district. The Bucks played their final regular-season game at their former arena, BMO Harris Bradley Center, in April.
RELATED STORIES: Naming Rights for New Milwaukee Bucks Arena Will be Unveiled Soon; Miller Named Founding Partner of New Milwaukee Bucks Arena; Videoboard Raised at New Milwaukee Bucks Arena; New Milwaukee Bucks Arena Making Progress; Milwaukee Bucks to Debut New Parking Ramp; Milwaukee Bucks Search for Arena Naming Rights Partner; Construction of New Milwaukee Bucks Arena on Schedule; Milwaukee Bucks Look to Draw Major Acts to New Arena; Zinc Panels Being Installed at New Milwaukee Bucks Arena; Three NBA Arenas, All in a Row; Trusses to be Lifted for New Milwaukee Bucks Arena; Milwaukee Bucks Unveil Videoboard for New Arena
