In a press conference Tuesday, Gov. Scott Walker said he will "propose $220 million in state bonds to help pay" for an arena project in Downtown Milwaukee.

Walker said a "jock tax," or athlete income tax, will cover that. He was clear that no additional taxes or fees would be assessed, and that the Milwaukee Bucks, as the building's primary tenant, will "pay their own way" through additional revenue brought in via the National Basketball Association's league and television rights revenues.

In a statement, Milwaukee Bucks president Peter Feigein said, "We thank Gov. Walker for his leadership and commitment to building a transformative, multi-purpose arena that will help revitalize Milwaukee.

"The governor’s support brings Wisconsin closer to creating a new state-of-the-art venue and entertainment destination that will become an economic catalyst for the entire state. We look forward to working closely with Gov. Walker, the state legislature, local officials and the entire community to make this vision a reality."

The governor will include this proposal in his budget plan that he will submit to the Wisconsin Legislature on Feb. 3.