Tuesday, March 29, 2022

Bills Mafia's goumada

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 Times Union

Gov. Kathy Hochul and western Democratic lawmakers on Monday announced a plan to publicly finance about $850 million of a new $1.4 billion stadium in Orchard Park for the Buffalo Bills.

The plan, which includes $600 million from the state and $250 million from Erie County, came out in the final days of state budget negotiations and rankled progressive advocates and left-leaning economists who view it as a poor use of taxpayer dollars at a time when the state is flush with cash from federal aid and there are competing interests for how to spend that money.

The deal would target opening the stadium in 2026 and keep the professional football team there for at least 30 years; if the team received court authorization to leave that location, it would have to pay back all of its public subsidy, according to the governor's office.

Further, the Bills are required to pay any cost overruns during construction, a provision that was not included in the development of other facilities in the state, including Yankees Stadium, which ran at least 30 percent over its budget.

The $850 million public subsidy would be the largest for any NFL facility on record, according to the Associated Press, but the state and Erie County would be paying a smaller share of the construction costs than other taxpayer-funded stadiums. The current facility, Highmark Stadium — which was previously known as Rich Stadium and Ralph Wilson Stadium — opened in 1973 and was buoyed by taxpayers footing nearly three-quarters of the construction costs.

 

17 comments:

Anonymous said...

Keep that mask on outdoors Kathy and follow that science!

Anonymous said...

You get what you vote for Sheeple ! Bet she wins in November.
This all could have been prevented back in 2020. . .
Calls to REMOVE Biden from Office SURGE as Cognitive Decline Worsens!!!

Joe Biden:
I may be Irish but I'm not stupid.
Also Joe Biden: Let's go Brandon, I agree.

Anonymous said...

That is George Carlin under that mask................?

Anonymous said...

No matter who is in office, we lose.

Anonymous said...

That’s your governor New York ! Enjoy...
I'm about to move to Florida before my kids have to go to school in NY.
Get your kids out of these indoctrination camps.

Anonymous said...

The Democrat-sponsored bailout recipient class that the sheeple pay for again and again.

Anonymous said...

She talks talks capitalism, but her DemOrat philosophy is bailouts for the executives of corporations and institutions whose coffers have been emptied for their own personal enrichment.

Anonymous said...

Major league athletes, coaches, team executives and owners are among our wealthiest. If they want a new stadium, let them pay for it. They can issue bonds and repay them like a middle class family repaying a mortgage or auto loan. $850 million for mass transit or infrastructure.

Anonymous said...

$850 million taxpayer dollars for a stadium that hosts 8 or 9 games a year?

Anonymous said...

No professional sports team should get one penny of public funds !

Anonymous said...

And none of us taxpayers get a say in this. I’d like to say taxation without representation, but this dingbat unfortunately does represent us.

Anonymous said...

Breaking News said...

Off the topic but... Very Important News !
It's official Hunter Biden laptop material entered into Congressional Record !

https://nypost.com/2022/03/29/gaetz-tries-to-get-hunter-biden-laptop-into-congressional-record/

Anonymous said...

A Biden Recession is Almost Surely Coming !
https://www.youtube.com/watch?v=rLd8HIeR_6Y&ab_channel=Styxhexenhammer666

Anonymous said...

Another tragic waste of $$$. How about SHELTER for the homeless, or an animal shelter system to match the size of the need.

Anonymous said...

Everyone had NO problem giving the Mets and Yankees $$$$$$$, Luckily we didn't have to spend it on the jets/giants stadium.
Every Pol does this .Its a joke . The NFL owners can build 10 stadiums on their own.
But every fan that complains about this will still go to the games. You KNOW THAT .
So I can bet those oppose to this will be at the games.
also......move out NY

Anonymous said...

Such a boring sport anyway. Just like baseball, cricket, curling, synchronized swimming and watching paint dry. No wonder nobody else around the planet plays or watches the damn thing.

ron s said...

It has been proven over and over that the touted benefits don't occur, the stadium never "pays for itself" and the public gets fleeced. There are dozens of examples to choose from. Not a single one worked out positively for the public.

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