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Tim Graham: Bills stadium deal could be announced this week.


PromoTheRobot

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21 hours ago, PromoTheRobot said:

 

Those where the sinks. But when in Rome...

 

That at least partially explains how an open air stadium will end up costing as much as a dome. Most stands covered, heated field and concourses, It's basically a dome with a donut hole.

 

I will concede on the downtown dome thing, but I hope the Pegulas look at adding commercial development to the stadium campus. A scaled down Patriot Place. And for heaven's sake, build some hotels!!

Cmon now …what’s wrong with the motels around the stadium now?  Rent rooms by the hour and bring your own sheets 😂

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10 hours ago, Nextmanup said:

I said a long time ago that the stadium should be built downtown as that is clearly and obviously the smart way to go...and that it would NOT be built there because...Buffalo.

 

😂

It cost 2 billion more to put it downtown. Plus the businesses it would affect. Pegula is wise to have it remain in OP. Downtown wouldn’t work. 

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49 minutes ago, Turbo44 said:

2m more? Nope it would cost a total of $2m to put it downtown vs $1.4m in OP.

doesn’t matter anyway as it’s going in OP

 

It will cost far more than $2B when cost overruns are factored-in.

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8 hours ago, BADOLBILZ said:

 

 

This is what the employees of the Bills whose responsibilities are field/facility management have been told.

 

Apparently they almost put a heating system underneath the turf in the last renovation.

It was in the plans. 

5 hours ago, Hammers Lot said:

Are congrats to me cause I Told you All along time ago no downtown stadium, OP is the place. For those who know, I got sources as I've proven in the past. 

In the past year there has been some properties sold near the stadium. 1 over $400.000 another $300.000 the others i gave no clue.

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New info leaked on Bills new stadium.

 

Jason Wolf on Twitter: "Do not expect #Bills stadium deal to be announced this week. But it’s coming this month. Orchard Park. No dome. Covered seats. Grass field. ~50,000 PSLs & season tix. 2026, at the earliest. Ralph razed for parking. Public likely to pay >$1B of $1.4B cost. 🏟💰 @TheBuffaloNews" / Twitter

 

 

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1 minute ago, Greg S said:

New info leaked on Bills new stadium.

 

Jason Wolf on Twitter: "Do not expect #Bills stadium deal to be announced this week. But it’s coming this month. Orchard Park. No dome. Covered seats. Grass field. ~50,000 PSLs & season tix. 2026, at the earliest. Ralph razed for parking. Public likely to pay >$1B of $1.4B cost. 🏟💰 @TheBuffaloNews" / Twitter

 

 

Including the statue?!

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On 3/1/2022 at 2:55 PM, BuffaloBills1998 said:

It cost 2 billion more to put it downtown. Plus the businesses it would affect. Pegula is wise to have it remain in OP. Downtown wouldn’t work. 

it absolutely does not cost 2 billion more.

 

It cost 2 billion total, as to 1.4.

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20 minutes ago, Greg S said:

New info leaked on Bills new stadium.

 

Jason Wolf on Twitter: "Do not expect #Bills stadium deal to be announced this week. But it’s coming this month. Orchard Park. No dome. Covered seats. Grass field. ~50,000 PSLs & season tix. 2026, at the earliest. Ralph razed for parking. Public likely to pay >$1B of $1.4B cost. 🏟💰 @TheBuffaloNews" / Twitter

 

 

What an awful deal for the State/City.

 

Paying > 1 billion and then the Pegauls make all their money back and more with PSLs.

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1 minute ago, CountDorkula said:

What an awful deal for the State/City.

 

Paying > 1 billion and then the Pegauls make all their money back and more with PSLs.

 

You knew this was coming though. You know that saying about "S*** runs down hill". Guess who is at the bottom of the hill. 

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22 minutes ago, CountDorkula said:

What an awful deal for the State/City.

 

Paying > 1 billion and then the Pegauls make all their money back and more with PSLs.

Honest question: How do you know that the PSL fees will go solely to the Owner?  Couldn’t they be split with or paid to the State?

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10 minutes ago, SoCal Deek said:

Honest question: How do you know that the PSL fees will go solely to the Owner?  Couldn’t they be split with or paid to the State?

from Raiders.......

 

Who gets my money when I buy a PSL?

The financial structure of Raiders PSL sales requires a flowchart you likely don’t want to read. Know this: Your PSL check funnels directly into stadium construction. You ultimately will license your seat from the Las Vegas Stadium Authority, the government body responsible for overseeing the construction and operation of the facility. The stadium authority will own both the stadium and the 62 acres of land on which it sits after the Raiders transfer ownership of the parcel for free. The team paid $77.5 million for the plot off Russell Road west of Interstate 15.

 

not sure this helps...

Edited by nucci
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48 minutes ago, Greg S said:

 

I wonder what the PSL charges will be? My guess is lower level $2500 per seat and the upper deck $1000 per seat. 

 

I hope/expect PSLs to be somewhat reasonable. If they average $2000 for 50K, that's $100MM total. A drop in the bucket but it's something. I also expect the option to pay over time, say a $200 surcharge over 10 years.

 

8 minutes ago, SoCal Deek said:

Honest question: How do you know that the PSL fees will go solely to the Owner?  Couldn’t they be split with or paid to the State?

 

I don't think it's goes to anything but stadium financing. If the above tweet is correct, PSLs would be ¼ to ⅓ of the $400MM Pegulas share. The NFL will kick in some and the rest will come from Terry.

 

If the plan includes some retail development, (shops, restaurants, hotels) that will add some funding as well.

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Just now, PromoTheRobot said:

 

I hope/expect PSLs to be somewhat reasonable. If they average $2000 for 50K, that's $100MM total. A drop in the bucket but it's something. I also expect the option to pay over time, say a $200 surcharge over 10 years.

 

 

I don't think it's goes to anything but stadium financing. If the above tweet is correct, PSLs would be ¼ to ⅓ of the $400MM Pegulas share. The NFL will kick in some and the rest will come from Terry.

 

If the plan includes some retail development, (shops, restaurants, hotels) that will add some funding as well.

 

You will definitely have the option to pay over time. I have Jets tickets and my PSL's are $5000 per seat. I have 2 seats. The Jets gave me the option to pay in one shot, pay over 10 years or 15 years. However they charge interest if you don't pay in one shot which is BS IMHO. Also my PSL fee is due Nov 1st. I am currently paying for my seasons right now. So the Jets do split the payments with seasons and PSL fees at different times of the year. I would imagine the Bills will do the same for their season ticket holders. That is a lot of money to pay in one shot for a PSL fee and most people will need to make those payments over time.

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1 hour ago, CountDorkula said:

What an awful deal for the State/City.

 

Paying > 1 billion and then the Pegauls make all their money back and more with PSLs.

You realize the state budget in 2023 alone is over $215B, even if they were going to finance the whole thing in one year, it would be half a % of the entire budget.

 

Pegula's pay a lot on taxes to NY, taxes they wouldnt have to pay in TX

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1 hour ago, CountDorkula said:

What an awful deal for the State/City.

 

Paying > 1 billion and then the Pegauls make all their money back and more with PSLs.

I would be willing to bet that at least 75% of my taxes are distributed to pay for things that I do not use or care about.  I am OK with less than 1% of those taxes going to a new Bills stadium.  But I do get your point that it is yet another horrible use of tax money when you look at the big picture.  

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54 minutes ago, BUFFALOBART said:

The Pegula's put up $1.4 Billion, to keep the team in Buffalo, against all odds. You gotta have the Egg, before you get the Chicken...

The discussion would otherwise be, what to do with a 50 year old facility without a Tenant, after the Bills moved to Toronto, or Las Vegas...

against all odds, lol.

 

What odds were they against?

 

They already owned a hockey team they have to keep the team in buffalo. 

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21 minutes ago, HereComesTheReignAgain said:

I would be willing to bet that at least 75% of my taxes are distributed to pay for things that I do not use or care about.  I am OK with less than 1% of those taxes going to a new Bills stadium.  But I do get your point that it is yet another horrible use of tax money when you look at the big picture.  

Thank you for trying to better convey what i was trying to convey with my word vomit. 

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20 minutes ago, HereComesTheReignAgain said:

I would be willing to bet that at least 75% of my taxes are distributed to pay for things that I do not use or care about.  I am OK with less than 1% of those taxes going to a new Bills stadium.  But I do get your point that it is yet another horrible use of tax money when you look at the big picture.  

That 75% is optimistic.  Unfortunately, once we lose a pro football team we’ll never get it back so the Pegula’s had all the leverage.

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25 minutes ago, HereComesTheReignAgain said:

I would be willing to bet that at least 75% of my taxes are distributed to pay for things that I do not use or care about.  I am OK with less than 1% of those taxes going to a new Bills stadium.  But I do get your point that it is yet another horrible use of tax money when you look at the big picture.  

 

This.  I don't have, and never want, kids.  Yet I'm stuck paying school taxes for the benefit of other people's kids.  From a personal point of view (arguments for the collective good notwithstanding, and a separate discussion) I am completely on board with fronting nearly the entire cost of this stadium.  

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7 minutes ago, Patience said:

 

This.  I don't have, and never want, kids.  Yet I'm stuck paying school taxes for the benefit of other people's kids.  From a personal point of view (arguments for the collective good notwithstanding, and a separate discussion) I am completely on board with fronting nearly the entire cost of this stadium.  

Yea i don't think comparing state funded educational facilities and Billionaires private play place is a good comparison.

 

I will just never agree with paying for buildings that Billionaires could mostly fund themselves especially now, where the earnings gap just keeps getting larger and larger. 

 

If its a 50/50 split, fine, but this is like 95/5%

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9 minutes ago, CountDorkula said:

Yea i don't think comparing state funded educational facilities and Billionaires private play place is a good comparison.

 

I will just never agree with paying for buildings that Billionaires could mostly fund themselves especially now, where the earnings gap just keeps getting larger and larger. 

 

If its a 50/50 split, fine, but this is like 95/5%

The state spends billions paying for housing for people that could fund it themselves too.  (of course not all, but many find ways to afford plenty of luxuries) It is all about working the system, from the guy working off the books so he can get public assistance and cheap housing, to the billionaire trying to get a new stadium.  Those that actually need the government assistance are too frequently overlooked.  I know that is heading way off topic, so I'll end the rant here.

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1 hour ago, CountDorkula said:

against all odds, lol.

 

What odds were they against?

 

They already owned a hockey team they have to keep the team in buffalo. 

The odds if Bon Jovi and his Toronto backers ended up outbidding Pegula and broke the lease and moved the team immediately. Those odds, if Terry didn’t get us we wouldn’t have a team to be talking about or rooting for

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On 2/28/2022 at 1:00 PM, H2o said:

Oh, you can bet that natural grass field will be as state of the art as they come. It won't be bad at all, plus it's easier on the human body. 

Ideally, for late season games, you would need some way to keep moisture content of the soil controlled later in the season.  You'd need great drainage at a minimum.  Even better would be some way to heat the turf.  That would keep the grass growing longer and minimize late season muddiness.  Normally grass will grow if the air temperature is above 50 degrees.  Below 50 it becomes dormant.  In Rochester, we are often mowing into November now,  One year we had to mow once in December.  The climate is definitely changing

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1 hour ago, CountDorkula said:

Yea i don't think comparing state funded educational facilities and Billionaires private play place is a good comparison.

 

I will just never agree with paying for buildings that Billionaires could mostly fund themselves especially now, where the earnings gap just keeps getting larger and larger. 

 

If its a 50/50 split, fine, but this is like 95/5%

 

Didn't compare.  If you read my post again, it specifically notes that my opinion is from a personal point of view.  

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1 hour ago, CountDorkula said:

Yea i don't think comparing state funded educational facilities and Billionaires private play place is a good comparison.

 

I will just never agree with paying for buildings that Billionaires could mostly fund themselves especially now, where the earnings gap just keeps getting larger and larger. 

 

If its a 50/50 split, fine, but this is like 95/5%

I understand and respect your take. But In this case we have a choice. Either pay and make sure the Buffalo Bills remain the Buffalo Bills or watch the team leave and head off to a new city. This is the reality of the situation. We may not like or agree with it but again that’s the reality. So let’s be thankful that we’re keeping the team where they belong. 

2 minutes ago, Buffalo_Stampede said:

At least it'll be downtown.

To be honest I’m glad it’s staying in OP. Downtown would’ve been a ***** show

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