On July 6, 2015, Bucks president Peter Feigin stated if public funding for a new arena falls through, the NBA may buy the team and move it to Las Vegas or Seattle. Current Bucks owners Wes Edens, Marc Lasry and Jamie Dinan combined with Herb Kohl to pledge $250 million for a new arena and sought a match from the public. Of those funds, $93 million would come from the Wisconsin Center District in the form of new debt on Milwaukee citizens. The district would not commence repaying the bonds until 13 years thereafter.