It may be a while before the Milwaukee Bucks have a new home for basketball, but their expanded business staff won't have to wait for some new digs of their own.
With 40 new staff members and a revamped executive team since the start of the summer, the Bucks have scheduled a press conference for Tuesday morning where they will officially announce the relocation of their growing business operations team to the Schlitz Park development. It's the latest move after a whirlwind summer under new owners Wes Edens and Marc Lasry, though the first literal move since the New York duo took control of the team in late May.
"Schlitz Park offers a wonderful environment for us to take the next step in building one of the best sports franchises in the world," said Bucks owner Marc Lasry. "It's a terrific example of what makes Milwaukee so special. Built on the preservation of this city's historic legacy, Schlitz Park has become a vibrant, modern professional community and the perfect home for us. We are excited that this investment in the Bucks future will strengthen our bond with Milwaukee and help the city's revitalization."
Located on the old Schlitz Brewery grounds overlooking the Milwaukee River, the new office space will house the 130-plus Bucks staffers currently located in separate spaces over 12,500 square feet at the Milwaukee Theater (yes, the same Milwaukee Theater rumored to be a potential demolition target for a new arena). The team says that its new 18,000 square foot space at Schlitz Park will be able to house the entire staff in an open office concept--no easy feat considering the team has grown its business operations staff by roughly 50% over the summer. Most of that has come through a swelling sales staff, though the team has also overhauled its executive suite, most notably with the addition of new team president Peter Feigin in early October. It's another reminder that while the team is taking a patient approach on the court, it's showing an altogether different level of urgency off it.
"We're putting together one of the most talented and hard-working group of professionals in the NBA and now we're excited to have one of the best offices in sports," added Feigin. "Milwaukee offered a number of worthwhile locations, but Schlitz Park was the right community for us to expand our footprint downtown and bring our business team together. We'll be able to further integrate ourselves with more Milwaukee businesses and create the best possible work environment for our employees. We're excited to make Schlitz Park our new home for this new Bucks era."
Don Walker first reported a possible move to Schlitz Park back in September, noting that the team would have to break its existing lease with the Milwaukee Theater in order to move to its new space in the River North area. Schlitz Park began development in 1983 and already houses over 4,000 employees from a variety of companies including ManpowerGroup and Time Warner.