clearwater cadet Posted March 31, 2022 Share Posted March 31, 2022 Glad to see the Bills and NYS have come to agreement, but there seems to be a lot of opposition from down state law makers. Is this stadium deal a lock, or can the NYS assembly still blow the whole thing up? Being a bills fan for 45 year, I'm always worried how we seem to get close and at the last minute and there's always something the screws us in the end. I guest I'm just conditioned to expect the worse when to come to the Bills. Link to comment Share on other sites More sharing options...
Turbo44 Posted March 31, 2022 Share Posted March 31, 2022 3 minutes ago, clearwater cadet said: Glad to see the Bills and NYS have come to agreement, but there seems to be a lot of opposition from down state law makers. Is this stadium deal a lock, or can the NYS assembly still blow the whole thing up? Being a bills fan for 45 year, I'm always worried how we seem to get close and at the last minute and there's always something the screws us in the end. I guest I'm just conditioned to expect the worse when to come to the Bills. A lock - politicians like to b*tch about it for political reasons but would never cut their throats by taking a stand 2 Link to comment Share on other sites More sharing options...
Buffalo_Stampede Posted March 31, 2022 Share Posted March 31, 2022 There’s always opposition for tax dollars being used for stadiums. It’s pretty close to a lock though 1 Link to comment Share on other sites More sharing options...
clearwater cadet Posted March 31, 2022 Author Share Posted March 31, 2022 I actually thought the state did well seeing Pegula is throwing in 500 mil and will pay for any extras, and the State will now own the stadium. Link to comment Share on other sites More sharing options...
Albany,n.y. Posted March 31, 2022 Share Posted March 31, 2022 The NY papers & the Albany Times Union newspaper are crying like they just got carjacked. I hope the decision makers don't block it. The papers keep ignoring the fact that the Bills owners are TENANTS and will not own the stadium. Link to comment Share on other sites More sharing options...
GottaRun Posted March 31, 2022 Share Posted March 31, 2022 With Seneca Nation releasing $564 million in payments to the state I'd say the stadium is a lock "Gov. Kathy Hochul tweeted Tuesday night that the money will go toward the new Bills stadium. “We’ve secured $564 million in payments owed to State & local governments,” Hochul wrote. “These funds were generated in Western New York & will support the State’s share of the new Buffalo Bills stadium. Remaining funds will go directly to Western New York communities.”" 3 1 Link to comment Share on other sites More sharing options...
davefan66 Posted March 31, 2022 Share Posted March 31, 2022 They may huff and puff against the stadium, but last weeks announcement would not have been made if they didn’t have the votes. Link to comment Share on other sites More sharing options...
Ed_Formerly_of_Roch Posted March 31, 2022 Share Posted March 31, 2022 29 minutes ago, clearwater cadet said: Glad to see the Bills and NYS have come to agreement, but there seems to be a lot of opposition from down state law makers. Is this stadium deal a lock, or can the NYS assembly still blow the whole thing up? Being a bills fan for 45 year, I'm always worried how we seem to get close and at the last minute and there's always something the screws us in the end. I guest I'm just conditioned to expect the worse when to come to the Bills. Likely what would happen is all the representatives from Western NY, as far east as Rochester would get together and agree they will not vote to pass anything including the yearly budget and for a long while anything for downstate. Plus any democrats will get alot of pressure from the Governor and also from Shummer to pass it. Believe the democrats hold the majority so that is also in favor of passing. I'm sure there's things they want downstate that would never pass without support at some level from western NY Link to comment Share on other sites More sharing options...
The Wiz Posted March 31, 2022 Share Posted March 31, 2022 (edited) 1 hour ago, clearwater cadet said: I actually thought the state did well seeing Pegula is throwing in 500 mil and will pay for any extras, and the State will now own the stadium. And on a 30 year lease. The current lease cost the Bills 800k per year. I would expect that number to be higher on this lease. Edited March 31, 2022 by The Wiz Link to comment Share on other sites More sharing options...
clearwater cadet Posted March 31, 2022 Author Share Posted March 31, 2022 I saw this today on bills daily, State Assembly is expected to stay today and *potentially* leave Albany tomorrow. No one expects a budget deal., this wasn't specific to the bills, but saw the NY papers and Albany paper bashing the crap out of us. 1 Link to comment Share on other sites More sharing options...
ControllerOfPlanetX Posted March 31, 2022 Share Posted March 31, 2022 If the stadium was being built in Westchester, the state would be kicking in 1.5B and the downstate politicians would be crying that it is not enough. 1 2 Link to comment Share on other sites More sharing options...
dwight in philly Posted March 31, 2022 Share Posted March 31, 2022 19 minutes ago, clearwater cadet said: I saw this today on bills daily, State Assembly is expected to stay today and *potentially* leave Albany tomorrow. No one expects a budget deal., this wasn't specific to the bills, but saw the NY papers and Albany paper bashing the crap out of us. Spooked me today also.. share your apprehension.. but hopefully it gets done Link to comment Share on other sites More sharing options...
Steptide Posted March 31, 2022 Share Posted March 31, 2022 Forgive my ignorance, but why wouldn't the pegulas wanna pay for it themselves? Wouldn't they own the whole thing if they did? Wouldn't their profits be higher if they owned it? Sorry, I know nothing about this stuff Link to comment Share on other sites More sharing options...
todd Posted March 31, 2022 Share Posted March 31, 2022 NYS funded both the Mets and Yankees new stadiums. Those downstate fools are just being hypocritical and stupid. 2 Link to comment Share on other sites More sharing options...
Simon Says Posted March 31, 2022 Share Posted March 31, 2022 What "meeting" are you referring to? Are you saying there is a meeting today SPECIFICALLY to discuss the stadium? Link to comment Share on other sites More sharing options...
The Wiz Posted March 31, 2022 Share Posted March 31, 2022 (edited) 11 minutes ago, todd said: NYS funded both the Mets and Yankees new stadiums. Those downstate fools are just being hypocritical and stupid. And to put it even more into perspective. Here is all the NY funding for all of the NYC stadiums. https://www.investigativepost.org/2022/02/28/state-historically-not-a-big-funder-of-stadiums/ Edited March 31, 2022 by The Wiz Link to comment Share on other sites More sharing options...
Bferra13 Posted March 31, 2022 Share Posted March 31, 2022 1 hour ago, GottaRun said: With Seneca Nation releasing $564 million in payments to the state I'd say the stadium is a lock "Gov. Kathy Hochul tweeted Tuesday night that the money will go toward the new Bills stadium. “We’ve secured $564 million in payments owed to State & local governments,” Hochul wrote. “These funds were generated in Western New York & will support the State’s share of the new Buffalo Bills stadium. Remaining funds will go directly to Western New York communities.”" Haha and the Seneca response wasn't so pretty. "New York’s hostile and shameless greed was laid bare for the world to see yesterday. After intentionally and unnecessarily holding the Seneca people and thousands of Western New Yorkers and families hostage for several days by strangling various bank accounts held by the Seneca Nation and our businesses, Governor Hochul couldn’t contain her excitement to boast about using her Seneca ransom money for a new stadium." Ouch. Link to comment Share on other sites More sharing options...
clearwater cadet Posted March 31, 2022 Author Share Posted March 31, 2022 11 minutes ago, Georgie said: What "meeting" are you referring to? Are you saying there is a meeting today SPECIFICALLY to discuss the stadium? No not specifically the stadium. Link to comment Share on other sites More sharing options...
dwight in philly Posted March 31, 2022 Share Posted March 31, 2022 1 minute ago, Bferra13 said: Haha and the Seneca response wasn't so pretty. "New York’s hostile and shameless greed was laid bare for the world to see yesterday. After intentionally and unnecessarily holding the Seneca people and thousands of Western New Yorkers and families hostage for several days by strangling various bank accounts held by the Seneca Nation and our businesses, Governor Hochul couldn’t contain her excitement to boast about using her Seneca ransom money for a new stadium." Ouch. Simple curiosity.. Why didnt the Seneca's pay as agreed? 1 Link to comment Share on other sites More sharing options...
clearwater cadet Posted March 31, 2022 Author Share Posted March 31, 2022 2 minutes ago, Bferra13 said: Haha and the Seneca response wasn't so pretty. "New York’s hostile and shameless greed was laid bare for the world to see yesterday. After intentionally and unnecessarily holding the Seneca people and thousands of Western New Yorkers and families hostage for several days by strangling various bank accounts held by the Seneca Nation and our businesses, Governor Hochul couldn’t contain her excitement to boast about using her Seneca ransom money for a new stadium." Ouch. Maybe it a mute point, but I hear the casino is packed when the bills have a home game. I don't live in WNY any more, but that's what I've been told. So I would hope the Stadium is a win for everyone. Link to comment Share on other sites More sharing options...
Simon Says Posted March 31, 2022 Share Posted March 31, 2022 22 minutes ago, Steptide said: Forgive my ignorance, but why wouldn't the pegulas wanna pay for it themselves? Wouldn't they own the whole thing if they did? Wouldn't their profits be higher if they owned it? Sorry, I know nothing about this stuff Sports is irrational to begin with. That's why team owners can get taxpayer fundng for new stadiums; leaving the city would tarnish the city's image and "quality of life " and fans would be distraught if "their" team left. But more to the point ; the stadium ITSELF isn't profitable; the TEAM is. Tickets, concessions,merchandise,huge media deals,etc. are the owners sources of income. The stadium costs a billion or two to construct, then millions more to maintain over the course of the lease . The government that pays for (or toward) stadium construction, hopes to reap intangible rewards by hosting a major sports team. Link to comment Share on other sites More sharing options...
Doc Posted March 31, 2022 Share Posted March 31, 2022 Just need to grease some more palms and all will be good... 1 Link to comment Share on other sites More sharing options...
msw2112 Posted March 31, 2022 Share Posted March 31, 2022 (edited) 56 minutes ago, Georgie said: Sports is irrational to begin with. That's why team owners can get taxpayer fundng for new stadiums; leaving the city would tarnish the city's image and "quality of life " and fans would be distraught if "their" team left. But more to the point ; the stadium ITSELF isn't profitable; the TEAM is. Tickets, concessions,merchandise,huge media deals,etc. are the owners sources of income. The stadium costs a billion or two to construct, then millions more to maintain over the course of the lease . The government that pays for (or toward) stadium construction, hopes to reap intangible rewards by hosting a major sports team. I agree with this. Based on what I have read over the years, the positive economic impact to an area from publicly funding a sports stadium is minimal. From a pure dollars and cents standpoint, it isn't a good deal for the public. That said, having a professional sports franchise brings a major intangible benefit to a city, region, and state. It would be a huge psychological blow to the area to have a professional sports franchise leave the area and move to another part of the country, particularly an NFL franchise, as the NFL is by far the most popular American professional sport. The Bills are a major part of the fabric of the Buffalo and WNY community. True, not everyone is a Bills fan, and true there are many other places the funding could go, and true, the Pegulas are wealthy and could potentially spent 20% of their net worth to privately fund the stadium. It's also true that the Peguals could make WAY more money moving the Bills to a larger market, particuarly the current team with a great young QB who will be around for years to come and one of the top overall teams in the league. While the TV revenue is split evenly, they could sell more tickets for a larger stadium, have higher PSL costs, more corporate suites, higher concession and parking prices ($100+ to park is not out of the ordinary in many markets), and could build a palace with hotels, condos, restuarants, shopping malls, etc. The overall franchise value would increase by millions, potentially hundreds of millions. Many other markets would kill to obtain an NFL team, and moreso, one of this caliber. The county and state did what needed to be done to protect the asset that it had. The Pegulas are also kicking in a substantial amount of money to make the deal happen and are willing to forego the potential profits of a larger, wealthier market because the NYS and Erie County were willing to step up and make it happen. Edited March 31, 2022 by msw2112 Link to comment Share on other sites More sharing options...
eball Posted March 31, 2022 Share Posted March 31, 2022 It's a good deal for the state. It will pass. 1 Link to comment Share on other sites More sharing options...
machine gun kelly Posted March 31, 2022 Share Posted March 31, 2022 It’s just politics grandstanding. You know when a politician is lying right, his mouth is moving.. badada.. Link to comment Share on other sites More sharing options...
extrahammer Posted March 31, 2022 Share Posted March 31, 2022 I think the stadium is going to get negative attention, mostly from people politicizing it, increasingly until it opens. I am wondering what happens if Hochul somehow lost her election in November and if that affects this deal. Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 31, 2022 Share Posted March 31, 2022 3 hours ago, todd said: NYS funded both the Mets and Yankees new stadiums. Those downstate fools are just being hypocritical and stupid. 2 hours ago, The Wiz said: And to put it even more into perspective. Here is all the NY funding for all of the NYC stadiums. https://www.investigativepost.org/2022/02/28/state-historically-not-a-big-funder-of-stadiums/ As your link spells out in its headline: "state is NOT historically a big funder of stadiums".. Posters who keep on tossing out Mets and Yankees should spend a little more time reading about how those stadiums were actually funded. 1 hour ago, eball said: It's a good deal for the state. It will pass. lol--the state of the Pegula Lifestyle Fund, perhaps.. 1 Link to comment Share on other sites More sharing options...
The Wiz Posted March 31, 2022 Share Posted March 31, 2022 1 minute ago, Mr. WEO said: As your link spells out in its headline: "state is NOT historically a big funder of stadiums".. Posters who keep on tossing out Mets and Yankees should spend a little more time reading about how those stadiums were actually funded. I realize I didn't word it correctly in my OP but the point was the same, yes, the state doesn't normally give out funding for stadiums but it's normally the tax payers that get the short end of the stick. This time they cut 600m to potentially 175m and people are upset about it because that money could have gone elsewhere (aka stuff that benefits NYC). Link to comment Share on other sites More sharing options...
Shake_My_Head Posted March 31, 2022 Share Posted March 31, 2022 The new stadium funding is ground up and in the freezer. All the complaining is just a kabuki dance--"you give me money for my pet cause, I'll give you money for yours." Everyone wins and can brag about how effective they are. Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 31, 2022 Share Posted March 31, 2022 4 minutes ago, The Wiz said: I realize I didn't word it correctly in my OP but the point was the same, yes, the state doesn't normally give out funding for stadiums but it's normally the tax payers that get the short end of the stick. This time they cut 600m to potentially 175m and people are upset about it because that money could have gone elsewhere (aka stuff that benefits NYC). NYC actually funded far more than the NYS on those downstate projects. So downstate NYS reps are not wrong to criticize the state's massive involvement in a stadium in Buffalo. I bet they would be happy to support Hochul on this one if Erie County was kicking in 650 million and the state only 200 mill. Link to comment Share on other sites More sharing options...
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