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...
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