ARM?? It's more like having a mortgage and your neighbors and business associates pay it for you....while your house doubles in value and you get it all when you sell.
The state and county are on the hook for the 850 million, plus 100 million over 15 years for maintenance plus 180 million over 30 years for captial improvements.
Conversely, the Pegulas have to put up 200 million of there own money to get the 200 million G4 money. Of that 200 G4, they will let 150 million be paid back from the visiting team's (other owner's) gate cut. So that means they are on the hook for 250 million out of 1.3 billion. They will then cut that amount down by charging PSLs to generate at least 100 million. Even if cost over runs hit 20% for another 250 million, that's 400 million they might have to pay out of pocket. In only 8 years, they have cleared almost 400 million in profit from owning the Bills. The shared (guaranteed minimum) revenue will soon be 300 million a year.
There is no risk for the Bills here.