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papazoid

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Posts posted by papazoid

  1. What happens to the PSL after 30 years ?

     

    is it worth zero ? will they start a new PSL for renovations ?

     

    i know the PSL  has a life limit of 30 years which  lines up with the bills new stadium lease for 30 years.

     

    in an over simplification.....if you paid $30,000 for your PSL isnt it depreciating by $1,000 a year, so that after 20 years you go to sell it, there is only 10 years left on the PSL.....so might the approximate value be $10,000  for the remaining 10 years ? it's possible they appreciate, but i would think not in our market.

  2. initial cost estimate of new stadium $1.4 Billion

    current cost estimate of new stadium $1.7 Billion

    likely final cost estimate of new stadium $2.0 Billion

     

    NY State Contribution $600 million  (not part of that "construction costs" is an additional $280 million for maintenance over 30 years)

    NFL & Bills Contribution $550 million (of which Pegula's portion is $350 million)

    Erie County Contribution $250 million

    SUB TOTAL Contribution $1.4 Billion (initial est)

     

    Pegulas are  responsible for any and all cost over runs....currently at $300 million and rising.

     

    Projected to raise $200 million thru PSL's

     

    so, if you factor in cost over runs....i say he will contribute $750 - $800 million or 35- 40%

    • Thank you (+1) 1
  3. 42 minutes ago, plenzmd1 said:

    Quick question that I hope you have the answer. 
     

    is there a set amount via the funding agreement with State/County/Bills that states a set amount that can raised via PSL? So a cap of say $120M through PSL purchase. 
     

    or is it the Pegulas have to fund say $500m( I don’t know the actual #) and if they can raise 100% of through PSLs, that ls great for them!

     

    thanks

     

    from everything i've read....

     

    there is no "set" amount

     

    they have stated publicly a target of $200 mil thru PSL's

     

    there is no "cap" ....they are free to raise as much as they can

    • Like (+1) 2
  4. how about a real estate analogy (i'm sure this has already been made)

     

    price of the home = PSL one time fee (price varies per location)

     

    all the taxes = price of the yearly ticket (price varies per location)

     

    if you dont pay your yearly taxes, you may lose the house to foreclosure before you sell it 

     

    squatter = someone is sitting in your seat....lol

     

     

     

     

     

  5. initial cost estimate of new stadium $1.4 Billion

    current cost estimate of new stadium $1.7 Billion

    likely final cost estimate of new stadium $2.0 Billion

     

    NY State Contribution $600 million  (not part of "construction costs" is an additional $280 million for maintenance over 30 years)

    NFL & Bills Contribution $550 million (Pegula's portion is $350 million)

    Erie County Contribution $250 million

    SUB TOTAL Contribution $1.4 Billion

     

    Pegulas are  responsible for any and all cost over runs....currently at $300 million and rising.

     

    Projected to raise $200 million in PSL's

     

    so, if you factor in cost over runs....i say he will contribute $800 million or 40%

     

     

     

     

    • Like (+1) 1
  6. 3 hours ago, BADOLBILZ said:

     

     

    As @K-9 would say......."Would they like to have global marketing rights to the entire planet?   Sure."   But of all NFL teams we still have the largest confirmed stockpile of nuclear weapons in areas we are most beloved.  And Canada too.   

     

    feaa1fedc4d0cefb00599e6c20d1dbf7-81f4ff0

     

     

     

    if this was the game of RISK.....i like tampa's position......lol

    • Agree 1
  7. i agree we have not taken a step back.....

     

    but neither has half the league...

     

    in fact, i think the 2024 team will be better than 2023 and beane isn't even done improving.

     

    need to wait and see how this things shake out for everyone.

     

    but according to neutral las vegas betting odds....bills currently have the 4th best chance to win it....which is pretty darn good, but probably where we were last year.

     

     

  8. 4 hours ago, Buffalo_Stampede said:

    He has said this. I don’t think it’s affecting his game but he was not on the same page with WRs last year so it makes me wonder. 
     

    Most talented QB in the history of the game maybe, but he still has another level to go. I don’t think he has what Tom Brady and Patrick Mahomes have mentally, especially in the offseason.

     

    (not picking on poster...just that the names brady & mahomes caught my eye) 

     

    what josh doesn't have is Hall of Fame Coaching.....that's huge

     

    what josh doesn't have is the best team around him.....that's huge

     

    yes this is a team game and rings matter, but if you just look at the individual contribution to a plays success...josh is the best QB and player in the league.

     

    i fully trust that josh is setting aside the necessary time to stay in shape and improve on his craft.......and still find time to chase pretty girls, play golf and make TV  commercials.

     

    we are lucky to have him !

     

     

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