How NFL money to help fund a new Bills stadium - Update NYS & and Erie County agree to pay nearly $1 billion. Owners meeting $200 M Vote

[Brianmoorman4jesus]

Ny state probably made that money 10x over in the first 2 weeks of legalized sports gambling. “Caesars field” at FanDuel stadium 

[akcash]

You guys think it will be downtown or OP?

[SlimShady'sSpaceForce]

https://www.yahoo.com/news/ap-source-bills-initial-ok-205952092.html
 

24 of 32 votes are needed 

 

Quote

Under the G4 program rules, Bills owners Terry and Kim Pegula would be required to put up matching dollars which would increase the private funding to at least $400 million for the new stadium.

 

[Don Otreply]

27 minutes ago, PonyBoy said:

It amazes me that the Bills can potentially pay one player like Allen $250M, Mahomes may get $500M, but the entire NFL can only provide a $200M "loan" for a team in their league to build a stadium that they will suck billions from for the next 40+ years. Just crazy!

It’s corporate SOP, never use your own money, tax payers have been being duped into providing private corporations infrastructure for many decades, via tax breaks, aka corporate welfare, public funding Via taxes on our income, we pay to build it and then pay to use it, and the corporation gets the vast majority of financial benefit. Yet we just keep doing this over and over and over and over…, it mostly because we re-elect the same shysters from both political parties, over and over and over and over, will no-one ever learn? I’m gonna go get another cup of coffee ☕️, 

[YoloinOhio]

9 minutes ago, akcash said:

You guys think it will be downtown or OP?

yo Rip Van Winkle 

[WhoTom]

40 minutes ago, PonyBoy said:

It amazes me that the Bills can potentially pay one player like Allen $250M, Mahomes may get $500M, but the entire NFL can will only provide a $200M "loan" for a team in their league to build a stadium that they will suck billions from for the next 40+ years. Just crazy!

 

The league CAN finance the entire stadium.

The owners CAN finance the entire stadium.

But that's not how the uber-wealthy operate. 

 

 

[ALLEN1QB]

All that money and no freaking roof does not make any sense!

[TBBills]

49 minutes ago, PonyBoy said:

It amazes me that the Bills can potentially pay one player like Allen $250M, Mahomes may get $500M, but the entire NFL can only provide a $200M "loan" for a team in their league to build a stadium that they will suck billions from for the next 40+ years. Just crazy!

Rich stay rich by being cheap.

[buffblue]

15 minutes ago, dwight in philly said:

Why all the "fiscal experts " come out of the proverbial  closet at "stadium  building time".. laughable .. if they knew , read what the govt subsidizes , this is nothing.. it is a quality of life thing that any clear thinking person would "get" .. its not giving money to authorize  a study on fish excrement and how it affects the lakes. its a plus for Buffalo , jesus.. frustrating to even read the nonsense 

Exactly. The rare time when taxpayer expenditures will actually benefit Western New York and NOW all the people complain? There wasn't this much uproar for the Yankees and Mets stadiums. It's really beyond belief

[ColoradoBills]

6 minutes ago, WhoTom said:

 

The league CAN finance the entire stadium.

The owners CAN finance the entire stadium.

But that's not how the uber-wealthy operate. 

 

 

 

Agree.  If the owners and NFLPA put away 10% of their pay/profit share every year and invested the money it would be paying for a

new team stadium every 30 years.  These expensive stadiums should last that long.

 

That comes to a new NFL stadium every year.  If cities and owners want anything "bigger and fancier" they can pay the difference.

 

It won't happen but it should.

[PrimeTime101]

it amazes me how many people on the forums complain about taxpayer dollars for this new complex when the fact of the matter is the number will hardly be noticeable when you go to pay your tax bill. 

56 minutes ago, PonyBoy said:

It amazes me that the Bills can potentially pay one player like Allen $250M, Mahomes may get $500M, but the entire NFL can only provide a $200M "loan" for a team in their league to build a stadium that they will suck billions from for the next 40+ years. Just crazy!

what is not talked about here is the millions of dollars NFL Players put into their communities to help special needs. Do they live good? Heck yes... Are they overpaid? yep... but the amount of people they help is also great... 

[dwight in philly]

5 minutes ago, buffblue said:

Exactly. The rare time when taxpayer expenditures will actually benefit Western New York and NOW all the people complain? There wasn't this much uproar for the Yankees and Mets stadiums. It's really beyond belief

Boy you got that right! Citifield,   The new Yankee Stadium , Us WNY'S  had no say.. it was just a given it would be  done .. shut our mouths.l. after all  its NYC! 

Edited March 25, 2022 by dwight in philly

[BillsShredder83]

40 minutes ago, Brianmoorman4jesus said:

Ny state probably made that money 10x over in the first 2 weeks of legalized sports gambling. “Caesars field” at FanDuel stadium 

ive got the receipts to prove it lol

[Delete This Account]

48 minutes ago, akcash said:

You guys think it will be downtown or OP?

 

Niagara Falls.

 

[BuffaloBills1998]

49 minutes ago, akcash said:

You guys think it will be downtown or OP?

OP it’s been reported several times

[SoCal Deek]

41 minutes ago, TBBills said:

Rich stay rich by being cheap.

The Pegula Family doesn’t owe you a new stadium. They just recently spent $1.5 BILLION so you’d have a team to root for that starts with the word “Buffalo”. 

[BillsShredder83]

32 minutes ago, PrimeTime101 said:

it amazes me how many people on the forums complain about taxpayer dollars for this new complex when the fact of the matter is the number will hardly be noticeable when you go to pay your tax bill. 

what is not talked about here is the millions of dollars NFL Players put into their communities to help special needs. Do they live good? Heck yes... Are they overpaid? yep... but the amount of people they help is also great... 

Playing a bit of devils advocate here, because i dont care how the stadium gets done, I want it, and wanted a nice roof.... but the general problem for most people isnt the extra $13 a year in taxes, its the allocating of funds away from schools, and fixing the terrible roads etc etc... i get their side of it, but bluntly i dont care. i love my Bills, i dont ask for much. Mets and Yankees rolled out dope stadiums, and were getting stuck with a 55k-60k seat stadium, with no roof. infuriating

[TBBills]

13 minutes ago, SoCal Deek said:

The Pegula Family doesn’t owe you a new stadium. They just recently spent $1.5 BILLION so you’d have a team to root for that starts with the word “Buffalo”. 

Never said they did... calm down gumpy.

[Ross Murdock]

1 hour ago, akcash said:

You guys think it will be downtown or OP?

That ship sailed many months ago. Just like the useless dome. I liked the idea of the stadium in Buffalo, it's where it really belongs  But costs were the factor. I still say the light rail should extend to OP. You could party DT, and take a 10 minute train ride. It's what many fans do in New Orleans, Philly, Jersey, Denver, Santa Clara (49ers), and even Pittsburgh. I see not having a dome is not stopping ANY player from coming to Buffalo. Miller said he liked playing in the cold in Denver.    

[Punching Bag]

2 hours ago, PonyBoy said:

It amazes me that the Bills can potentially pay one player like Allen $250M, Mahomes may get $500M, but the entire NFL can only provide a $200M "loan" for a team in their league to build a stadium that they will suck billions from for the next 40+ years. Just crazy!

 

It is more amazing that the NFLPA, their partners, contribute nothing.

 

NFL needs a good divorce laywer and better hope they had a good prenup agreement. 

[muppy]

1 hour ago, WhoTom said:

 

The league CAN finance the entire stadium.

The owners CAN finance the entire stadium.

But that's not how the uber-wealthy operate. 

 

 

concur. They wouldn't have amassed such wealth making bad business deals. And the Pegulas' have spent major money in WNY so no way would they ever agree to fund it all ZERO possibility. The NFL either. The state either. It is a major expenditure that I hope will be supported by all of those participants in a fair manner. Because a deal NEEDS be made and I have hope it will sooner rather than later.

10 minutes ago, Limeaid said:

 

It is more amazing that the NFLPA, their partners, contribute nothing.

 

NFL needs a good divorce laywer and better hope they had a good prenup agreement. 

my reaction was giggle because If Only such a document existed . The players DO pay taxes in the city they play so there is that.

[Malazan]

1 hour ago, PrimeTime101 said:

it amazes me how many people on the forums complain about taxpayer dollars for this new complex when the fact of the matter is the number will hardly be noticeable when you go to pay your tax bill. 

what is not talked about here is the millions of dollars NFL Players put into their communities to help special needs. Do they live good? Heck yes... Are they overpaid? yep... but the amount of people they help is also great... 

 

This players/teams/league have accountants and those accountants write any personal/corporate donation off.. If you're talking about eliciting donations.. well that money is coming from the community so they're not really putting it into the community. Players/Teams/League don't start these up randomly out of the goodness of their hearts. 

1 hour ago, SoCal Deek said:

The Pegula Family doesn’t owe you a new stadium. They just recently spent $1.5 BILLION so you’d have a team to root for that starts with the word “Buffalo”. 

 

Not sure how you got confused. The fans aren't asking for a new stadium. I suspect if the stadium wasn't going to cost a dime of taxpayer money that most fans would still vote to to keep the current one. 

 

The NFL wants the new stadium and has basically told the Pegulas to make it happen. So WE don't owe the NFL a new stadium would be more accurate. 

[The Wiz]

2 hours ago, akcash said:

You guys think it will be downtown or OP?

Still see that lands available in Letchworth, where Dunkirk Don when we need him?

[aceman_16]

3 hours ago, akcash said:

You guys think it will be downtown or OP?

I heard some field near Batavia.

[Draconator]

2 hours ago, john wawrow said:

 

Niagara Falls.

 

There's available land in Love Canal

[Ed_Formerly_of_Roch]

2 hours ago, BillsShredder83 said:

Playing a bit of devils advocate here, because i dont care how the stadium gets done, I want it, and wanted a nice roof.... but the general problem for most people isnt the extra $13 a year in taxes, its the allocating of funds away from schools, and fixing the terrible roads etc etc... i get their side of it, but bluntly i dont care. i love my Bills, i dont ask for much. Mets and Yankees rolled out dope stadiums, and were getting stuck with a 55k-60k seat stadium, with no roof. infuriating

 

Recall about 25 years ago in Rochester they wanted to build a new baseball stadium downtown for AAA Red Wings.  Same arguments why should tax payers pay for it.  Make it a vote on ballot many argued.   But as was pointed out if that was done on everything, nothing would ever be approved.  And even if they decided not fund the stadium, it's unlikely that instead they'd put the money into schools, roads, etc.  Instead they'd just be $1 bill less in the budget.

 

Doubt the Bills wanted a dome, it will have a heated grass field, most seats all covered so what's the real advantage of the dome vrs playing in the elements.  Biggest issues isn't snow or rain, but wind. That can be addressed in the design to minimize impact.

 

Yes a dome can allow 12 months of use, but Buffalo isn't large enough to justify many events that require a 60k stadium.  2 to 3 concerts a year  and they can still schedule them in summer months.  As I sit here watching March Madness, Buffalo wouldn't get the final 4, maybe a regional final, but that likely could be played downtown anyway.  Never see a Super Bowl.

[BarleyNY]

5 hours ago, Heitz said:

Has this ever happened - PSLs holding so little value one turns them into the team?  
 

I’ve seen some hand wringing about the potential Bears moves (PSLs are only for Soldier Field, not a new stadium), but hadn’t read much into the value hold…

 

IDK, but seems like an investment I’m willing to speculate on, especially in a fresh new Stadium.

 

Just wait until Hammer stars selling parking NFTs that guarantees you parking for life right next to the new stadium 🤣🙌 

I know for a fact it happened in Cleveland.  It must have happened elsewhere too. They were so bad for so long people just turned them in so they didn’t have to buy the season tickets.  Many PSL holders also sold theirs for pennies on the dollar.  Then the Browns offered the tickets of the turned in PSLs for sale as single game seats until the market picked back up.  Then they sold the PSLs again. 

Edited March 26, 2022 by BarleyNY

[MPT]

3 hours ago, SoCal Deek said:

The Pegula Family doesn’t owe you a new stadium. They just recently spent $1.5 BILLION so you’d have a team to root for that starts with the word “Buffalo”. 

 

I would point out that they just spent $1.5 billion so they could own a share of one of the most lucrative businesses in the history of business. I respect the Pegulas and I'm glad they invest a lot in Buffalo but let's not pretend that owning an NFL team is charity. 

[buffblue]

1 hour ago, aceman_16 said:

I heard some field near Batavia.

My source said they would squeeze it in on Beaver Island...

[BillsShredder83]

11 minutes ago, Ed_Formerly_of_Roch said:

 

Recall about 25 years ago in Rochester they wanted to build a new baseball stadium downtown for AAA Red Wings.  Same arguments why should tax payers pay for it.  Make it a vote on ballot many argued.   But as was pointed out if that was done on everything, nothing would ever be approved.  And even if they decided not fund the stadium, it's unlikely that instead they'd put the money into schools, roads, etc.  Instead they'd just be $1 bill less in the budget.

 

Doubt the Bills wanted a dome, it will have a heated grass field, most seats all covered so what's the real advantage of the dome vrs playing in the elements.  Biggest issues isn't snow or rain, but wind. That can be addressed in the design to minimize impact.

 

Yes a dome can allow 12 months of use, but Buffalo isn't large enough to justify many events that require a 60k stadium.  2 to 3 concerts a year  and they can still schedule them in summer months.  As I sit here watching March Madness, Buffalo wouldn't get the final 4, maybe a regional final, but that likely could be played downtown anyway.  Never see a Super Bowl.

This actually eased my troubles some so I appreciate it! The wind is absolutely the #1 problem take the wind out and minimize some rain. Any idea if the upper decks will have some kind of partial overhead covering?

The wind and rain combo when its 35f out is just miserable. I'm past the point of needing to feel macho. It plain sucks to spend a couple hundred bucks between tailgate food, tickers, parking, and be soaking wet, swirling winds (/rant)

[LabattBlue]

6 minutes ago, BillsShredder83 said:

This actually eased my troubles some so I appreciate it! The wind is absolutely the #1 problem take the wind out and minimize some rain. Any idea if the upper decks will have some kind of partial overhead covering?

The wind and rain combo when its 35f out is just miserable. I'm past the point of needing to feel macho. It plain sucks to spend a couple hundred bucks between tailgate food, tickers, parking, and be soaking wet, swirling winds (/rant)

Guess how you eliminate that problem instead of trying to minimize it?

[BillsShredder83]

11 minutes ago, BTB said:

Guess how you eliminate that problem instead of trying to minimize it?

Dome? Lol that's what I want but it ain't happening so guess we'll have to hope for a smart design and coverage above

[Brianmoorman4jesus]

5 hours ago, BillsShredder83 said:

ive got the receipts to prove it lol

Same lol

[Big Turk]

Committee recommends their G4 application for the loan be approved and presented at owners meeting. 

 

Seriously, does anyone expect them to turn it down? The NFL is in the stadium building business.

 

24 of the 32 teams need to approve it. Who dares vote No?

[Big Turk]

I mean lets be real. What's the chance this doesn't get approved? Somewhere near 0?

 

The NFL is in the stadium building business. Who dares to vote no?

[Richard Noggin]

6 hours ago, ColoradoBills said:

 

Agree.  If the owners and NFLPA put away 10% of their pay/profit share every year and invested the money it would be paying for a

new team stadium every 30 years.  These expensive stadiums should last that long.

 

That comes to a new NFL stadium every year.  If cities and owners want anything "bigger and fancier" they can pay the difference.

 

It won't happen but it should.

How dare you suggest that ultra-rich NFL owners should stick to responsible budgets to finance their desired goals. 

 

That's advice for working class folks to follow. Because. 

[Doc Brown]

Can't wait for all of this to go through and for the new stadium to break ground.  I was born a Bills fan and hope to die a Bills fan.  A new stadium should ensure the latter.  Thanks goes out to the Pegula's as this franchise could easily be the Toronto Bills right now.

[Buffalo_Stampede]

Can the NFL loan me $20 for gas?

[Billy Claude]

11 hours ago, SoCal Deek said:

The Pegula Family doesn’t owe you a new stadium. They just recently spent $1.5 BILLION so you’d have a team to root for that starts with the word “Buffalo”. 

 

I appreciate the Pegulas for keeping the team in Buffalo as much as anyone but your are making it sound like they plunked down 1.5B purely for altruistic purposes.

 

Obviously they will still be making a lot of money just not as much as if they move the team somewhere else.

 

The person who should be getting most of the credit for keeping the team in Buffalo is Ralph Wilson and his family who made it difficult for new owner to move the team and thereby, costing the estate a significant amount of money.

 

 

Edited March 26, 2022 by Billy Claude

[The Wiz]

57 minutes ago, Buffalo_Stampede said:

Can the NFL loan me $20 for gas?

How much are you charging PSL for shotgun?