PromoTheRobot Posted August 1, 2021 Share Posted August 1, 2021 (edited) 17 minutes ago, SectionC3 said: It will probably come in around 55/45 public/private split. The big contribution from the county will be ECC South land. But it has to get done fast in case Cuomo gets in trouble next election cycle. The Bills want it done ASAP for a reason. Yes. Governor India Walton. Edited August 1, 2021 by PromoTheRobot 1 1 1 1 Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted August 1, 2021 Share Posted August 1, 2021 17 minutes ago, SectionC3 said: The Bills want it done ASAP for a reason. Chick-fil-Uh buying up all the good sites. Link to comment Share on other sites More sharing options...
Brennan Huff Posted August 1, 2021 Share Posted August 1, 2021 I will cut them a check right now 1 Link to comment Share on other sites More sharing options...
ALF Posted August 1, 2021 Share Posted August 1, 2021 They see the massive stimulus money going to the State and local governments. Then will come the infrastructure money. Link to comment Share on other sites More sharing options...
wakingfane Posted August 1, 2021 Share Posted August 1, 2021 (edited) This leak hurts because there is no messaging around it from the team. It's possible the intent is to support the fans so there are no PSLs, recognizing that 30-35% of State revenues come straight from Wall Street. Edited August 1, 2021 by wakingfane Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 1, 2021 Share Posted August 1, 2021 Newsflash: Buildings are expensive! And nobody with any common sense builds a building that gets used only ten times a year. So, if you’re looking to apply common/business sense to something like an NFL Stadium you’re kidding yourself. It’s one of modern society’s luxury items. 3 2 Link to comment Share on other sites More sharing options...
DJB Posted August 1, 2021 Share Posted August 1, 2021 I'm there right now building a sand castle to get a head start on construction. 1 Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted August 1, 2021 Share Posted August 1, 2021 10 minutes ago, wakingfane said: 30-35% of State revenues come straight from Wall Street. 1 1 Link to comment Share on other sites More sharing options...
ALF Posted August 1, 2021 Share Posted August 1, 2021 If they could get a long term mortgage with zero interest that would help a lot. State pay the interest ? Link to comment Share on other sites More sharing options...
May Day 10 Posted August 1, 2021 Share Posted August 1, 2021 I get that public needs to kick in, but $1.5 billion at 100% seems like it isn't even in good faith 3 1 Link to comment Share on other sites More sharing options...
machine gun kelly Posted August 1, 2021 Share Posted August 1, 2021 That’s because it’s negotiations 101. For example in my business when selling medical capital equipment in a hospital you always start at list price, and a five year warranty for proprietary technology to repair, and then they low ball you, act like they don’t even want it, you get you’re choice champions involved, director of or, etc. and then you always end up where no one is really happy. How much do you want to be in the end there will be concessions on both sides and PSE will pay a portion of the costs. I’ll agree on an earlier point though that a stadium is a luxury item. Link to comment Share on other sites More sharing options...
CaptnCoke11 Posted August 1, 2021 Share Posted August 1, 2021 I’ll donate one of my probably many more to come government handout checks Link to comment Share on other sites More sharing options...
major Posted August 1, 2021 Share Posted August 1, 2021 Different sport but similar situation. Keep an eye on Oakland a’s stadium situation (proposed new ballpark) and city/state issues Link to comment Share on other sites More sharing options...
Putin Posted August 1, 2021 Share Posted August 1, 2021 I only have one question will they except food stamps at the concessions ? Link to comment Share on other sites More sharing options...
JohnNord Posted August 1, 2021 Share Posted August 1, 2021 1 hour ago, SectionC3 said: It will probably come in around 55/45 public/private split. The big contribution from the county will be ECC South land. But it has to get done fast in case Cuomo gets in trouble next election cycle. The Bills want it done ASAP for a reason. I think more like 70/30 but there’s no doubt that taxpayers will be paying something. Link to comment Share on other sites More sharing options...
LabattBlue Posted August 1, 2021 Share Posted August 1, 2021 4 minutes ago, SectionC3 said: 1.5b is a nutty number. Here's how it shakes out. The price comes down, the county donates/remediates ECC south, the state ponies up bonding funds and infrastructure improvements (keeping the Skyway, maybe a rail spur to the stadium if track rights can be negotiated, etc., perhaps dipping into available federal monies dedicated to infrastructure), the NFL G-4 program plays a role (hence the hiring of the Jerry Jones group to bring in suite money from Toronto and basically anywhere else within a few hours' time of the stadium, be it by land, rail, or air), and the Pegulas kick in an amount that easily could be funded by the sale of the Sabres in a 1031 transaction. (Before anyone disputes the availability of 1031, imagine Senate Majority Leader Schumer calling his friends at the IRS prior to responding.) The Sabres become somebody else's problem, the stadium is done, and away we go. It's an opener. Everyone needs to chill. More like Tish James and a far left Assembly and Senate, but you get the point. That's one of the possibilities. Another way to do it would be to have the state handle the bonding and the Bills pay the interest. Why would they sell the Sabres when almost 25% of the money that the Pegula’s are proposing is going to renovate the Sabres arena? Link to comment Share on other sites More sharing options...
SectionC3 Posted August 1, 2021 Share Posted August 1, 2021 Just now, BTB said: Why would they sell the Sabres when almost 25% of the money that the Pegula’s are proposing is going to renovate the Sabres arena? Again, it's a negotiation. Stake an extreme position to start, then walk it back, and everyone feels like they get something. It's the perfect chance for the Pegulas to exit the Sabres at a massive, tax-free profit (assuming someone is dumb enough to pay for that franchise). Link to comment Share on other sites More sharing options...
PromoTheRobot Posted August 1, 2021 Share Posted August 1, 2021 7 minutes ago, SectionC3 said: More like Tish James and a far left Assembly and Senate, but you get the point. I do indeed. 2 minutes ago, SectionC3 said: Again, it's a negotiation. Stake an extreme position to start, then walk it back, and everyone feels like they get something. It's the perfect chance for the Pegulas to exit the Sabres at a massive, tax-free profit (assuming someone is dumb enough to pay for that franchise). I would argue the Sabres are the Bills in 2016. They finally have the right crew in charge. 3 Link to comment Share on other sites More sharing options...
SectionC3 Posted August 1, 2021 Share Posted August 1, 2021 2 minutes ago, PromoTheRobot said: I do indeed. I would argue the Sabres are the Bills in 2016. They finally have the right crew in charge. Maybe on the Sabres. But cash is cash. It might be a way to help get a stadium with no cash out of pocket and the loss only of a business that is a headache and a money pit. Link to comment Share on other sites More sharing options...
Chandler#81 Posted August 1, 2021 Share Posted August 1, 2021 4 minutes ago, PromoTheRobot said: I do indeed. I would argue the Sabres are the Bills in 2016. They finally have the right crew in charge. WAAAAAY to early to tell! Many folks have been saying that the past dozen years. 1 Link to comment Share on other sites More sharing options...
Arkady Renko Posted August 1, 2021 Share Posted August 1, 2021 Bad look. Can't even justify this as some sort of new broader economic development given that it will just go right next to the existing stadium. 2 Link to comment Share on other sites More sharing options...
Ridgewaycynic2013 Posted August 1, 2021 Share Posted August 1, 2021 (edited) "Another thread about 'stalking my corporate jet'?! Call the Buffalo Snews, I'll teach that bunch over at TSW!" * 😁 Edited August 1, 2021 by Ridgewaycynic2013 Added 😁 to unknot readers' knickers... Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted August 1, 2021 Share Posted August 1, 2021 (edited) I never understood why fans get upset about paying money for a sports team. It's one of the few things in life outside of family that I pay money on. I don't need to hear the economics of a stadium. When I spend money on the Bills I do it for my own pleasure, not the community. As for the Pegulas, they've spent billions already on western New York. Edited August 1, 2021 by Buffalo_Stampede 4 1 2 Link to comment Share on other sites More sharing options...
DCOrange Posted August 1, 2021 Share Posted August 1, 2021 They’ll obviously end up coming way down from this number. Just a question of how much. I may be mistaken but I think Vegas is currently the record holder at $750 mil in public funding for their football stadium. Dallas is #1 in total with just under $1 billion spread across their baseball and football stadiums. Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted August 1, 2021 Share Posted August 1, 2021 8 minutes ago, Arkady Renko said: Bad look. Can't even justify this as some sort of new broader economic development given that it will just go right next to the existing stadium. No, it's a luxury and I love it. We've paid for sports stadiums in NYC area. Time for them to pony up. 3 minutes ago, DCOrange said: They’ll obviously end up coming way down from this number. Just a question of how much. I may be mistaken but I think Vegas is currently the record holder at $750 mil in public funding for their football stadium. Dallas is #1 in total with just under $1 billion spread across their baseball and football stadiums. Minnesota? 2 Link to comment Share on other sites More sharing options...
DCOrange Posted August 1, 2021 Share Posted August 1, 2021 (edited) 2 minutes ago, Buffalo_Stampede said: No, it's a luxury and I love it. We've paid for sports stadiums in NYC area. Time for them to pony up. Minnesota? Minnesota is #2 behind Dallas, around $850 mil between two stadiums. https://www.sportscasting.com/taxpayer-money-billion-dollar-stadiums/ Edited August 1, 2021 by DCOrange Link to comment Share on other sites More sharing options...
RiotAct Posted August 1, 2021 Share Posted August 1, 2021 Bills front office: We love you all so much! Best fans in the world ❤️ Also Bills front office: taxpayers, who are already being squeezed on multiple fronts, should foot the bill for a new stadium that we don’t need 1 1 Link to comment Share on other sites More sharing options...
BillsFan4 Posted August 1, 2021 Share Posted August 1, 2021 (edited) 😡 I know it’s negotiations but this makes me furious. They know damn well how much we’ve had to worry about this team moving. For years. Edited August 1, 2021 by BillsFan4 1 Link to comment Share on other sites More sharing options...
Doc Posted August 1, 2021 Share Posted August 1, 2021 1 minute ago, RiotAct said: Bills front office: We love you all so much! Best fans in the world ❤️ Also Bills front office: taxpayers, who are already being squeezed on multiple fronts, should foot the bill for a new stadium that we don’t need The stadium is 50 years old. They need a new one. And the NFL is demanding a new one. 1 Link to comment Share on other sites More sharing options...
JakeFrommStateFarm Posted August 1, 2021 Share Posted August 1, 2021 4 minutes ago, BillsFan4 said: 😡 So it begins. This is exactly what happens in other cities 2 Link to comment Share on other sites More sharing options...
WhoTom Posted August 1, 2021 Share Posted August 1, 2021 Quote The team has made no overt threats, sources say, to leave Buffalo if it doesn’t get the full funding request, but it has made clear to government negotiators that there are other cities elsewhere that desire an NFL franchise and would pay handsomely for it. I've never threatened to leave her, but every once in a while I'll show my wife my spam folder, just so she's aware of all the hot Russian MILFs who want to date me. 1 6 Link to comment Share on other sites More sharing options...
aristocrat Posted August 1, 2021 Share Posted August 1, 2021 Miami paid for their stadium themselves Link to comment Share on other sites More sharing options...
WhoTom Posted August 1, 2021 Share Posted August 1, 2021 Quote The team has made no overt threats, sources say, to leave Buffalo if it doesn’t get the full funding request, but it has made clear to government negotiators that there are other cities elsewhere that desire an NFL franchise and would pay handsomely for it. Joking aside, the Pegulas paid about 40% above the team's appraised value in order to ensure that the Bills stayed in Buffalo. I can't see them paying 9-digit NFL relocation fees on top of all that, plus being hated in their own community, in order to avoid paying for a new stadium. Link to comment Share on other sites More sharing options...
Happy Days Lois & Clark Posted August 1, 2021 Share Posted August 1, 2021 It should have a roof 2 Link to comment Share on other sites More sharing options...
BillsfaninSB Posted August 1, 2021 Share Posted August 1, 2021 Such a bummer to read 1st thing in the morning but this dance between the NFL and municipality was easy to predict. Link to comment Share on other sites More sharing options...
Brennan Huff Posted August 1, 2021 Share Posted August 1, 2021 52 minutes ago, JakeFrommStateFarm said: So it begins. This is exactly what happens in other cities What does? Link to comment Share on other sites More sharing options...
Doc Posted August 1, 2021 Share Posted August 1, 2021 18 minutes ago, aristocrat said: Miami paid for their stadium themselves True but Hard Rock Stadium has been around since 1985. 1 Link to comment Share on other sites More sharing options...
Motorin' Posted August 1, 2021 Share Posted August 1, 2021 27 minutes ago, Happy Days Lois & Clark said: It should have a roof Yeah, but if it doesn't there are newer construction technologies that keep the wind out. It's almost like Rich was constructed in a way that doubles wind speed on the field. 1 Link to comment Share on other sites More sharing options...
That's No Moon Posted August 1, 2021 Share Posted August 1, 2021 28 minutes ago, WhoTom said: plus being hated in their own community They live in Florida now. I don't think it would bother them terribly. Link to comment Share on other sites More sharing options...
LabattBlue Posted August 1, 2021 Share Posted August 1, 2021 51 minutes ago, BUFFALOBART said: A stadium downtown, seems like a good idea, but I think the Pegula's already have other properties in Orchard Park. Securing downtown properties (especially, in the current market) would likely drive the final facility cost significantly higher. Huh? What properties do the Pegula’s own in OP(other than one small lot adjacent to stadium property) and how does that impact their decison to stay in OP? Link to comment Share on other sites More sharing options...
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