SoTier Posted August 22 Posted August 22 (edited) 1 hour ago, bigduke6 said: wealthy people using the public to make themselves rich or not have to pay for the infrastructure to do the same. what a surprise. sucks, is what it is. its all about leverage. this "public" stadium, that is really going to out price the general public when it comes to tickets etc, is going to look real nice in 10 years when JA17 isnt playing anymore and we're back to being a place no free agent wants to come because we dont have a QB that can play. this is the issue i had with the taxpayers having to build this for Terry. 2025 is the two hundredth anniversary of the very first project in the US that used public monies an infrastructure project. It was the Erie Canal, aka at the time "Clinton's Ditch". New York State footed the entire bill. The canal opened up the entire state west of the Mohawk Valley. What had been economic backwaters became boom towns as the canal terminus moved west between 1817 and 1825 when it reached Buffalo. In 1825, Buffalo had a population of about 2500 souls. By 1832, the population jumped to 25,000. It was one of the richest cities in the US during the first half of the twentieth century. Why do you assume that the Bills won't find a successor to Josh Allen? As long as the team owner is committed to winning football games rather maximizing profits, it's likely the team will find some success on the field. Most NFL teams do. FTR, most of "the general public" has been priced out of buying season tickets in most NFL stadiums for a couple of decades at least, and that includes the Bills. Edited August 22 by SoTier 1 Quote
zow2 Posted August 22 Posted August 22 So Terry is the first billionaire sports owner to have a fancy yacht? I don't get what the big whoop is?! People get triggered over nothing. It's like getting mad at Jeff Bezos for living an extravagant and very expensive lifestyle and not using all those billions to cure cancer. It's his fault. Quote
chris heff Posted August 22 Posted August 22 23 minutes ago, HOUSE said: If it was red than that's probably the car. The car you’re thinking of was a 63 Impala red interior, you commented on it two years ago. The one I was thinking of was a white Dodge, not a Chrysler that Ralph bought for Mary from the Dodge family. 1 Quote
Mango Posted August 22 Posted August 22 7 hours ago, WNYFAN1 said: I think it's absurd that public money was used on the stadium. The fact that Terry is (and always has been) responsible for a failing KBC and has done nothing/the bare minimum is so frustrationg. He ran the scoreboard for nearly 2x manufacturer recommendations. He allowed the roof to leak on fans for years and year. a roof that leaked on fans for years and years. Then on top of it, he is running the Teemu version of a real NHL franchise, leading the league in unused cap. And after all he that takes nearly $1B in public subsidy while buying a $100M yacht. I am starting to think that this Pegula character is not all that likable. 1 Quote
Lost Posted August 22 Posted August 22 2 minutes ago, Mango said: The fact that Terry is (and always has been) responsible for a failing KBC and has done nothing/the bare minimum is so frustrationg. He ran the scoreboard for nearly 2x manufacturer recommendations. He allowed the roof to leak on fans for years and year. a roof that leaked on fans for years and years. Then on top of it, he is running the Teemu version of a real NHL franchise, leading the league in unused cap. And after all he that takes nearly $1B in public subsidy while buying a $100M yacht. I am starting to think that this Pegula character is not all that likable. He giving all his money to Beane to dole out new contracts. Quote
\GoBillsInDallas/ Posted August 22 Posted August 22 I thought the yacht was owned by Elmer J. Fudd, millionaire. Quote
Mango Posted August 22 Posted August 22 Just now, Lost said: He giving all his money to Beane to dole out new contracts. All but $100M for a boat plus the full time staff, fuel, insurance, etc. a quick Google says a mega yacht requires about 10-15% of the total cost per year just to maintain and staff.... The NHL cap is just under $100M, about the same as his yacht. The return on $100M is about $5M per year, which is around what the Sabres have left on the table in cap every year. The interest on his yacht money could close the gap in salaries for th Sabres every year. It was the cost of replacing the score board that was well best it's life expectancy. Quote
AlCowlingsTaxiService Posted August 22 Posted August 22 Oh no! Some social media trolls are all upset … yawn 1 Quote
Artful Dodger Posted August 22 Posted August 22 I like it. I'm happy to pay more taxes if it means that Terry can afford a nicer yacht. 1 Quote
TH3 Posted August 22 Posted August 22 (edited) 44 minutes ago, HOUSE said: Do you have any idea how much pain this team inflicted on me since 1960?? $5 You don’t understand modern accounting principles 😜 Those are all “right offs” Edited August 22 by TH3 1 Quote
Doc Brown Posted August 22 Posted August 22 7 hours ago, WNYFAN1 said: I think it's absurd that public money was used on the stadium. The number one rule of getting public money for a stadium is never put it to a vote. It is what it is. I'm just happy the Bills are here for the rest of my lifetime. Quote
TH3 Posted August 22 Posted August 22 5 minutes ago, Mango said: All but $100M for a boat plus the full time staff, fuel, insurance, etc. a quick Google says a mega yacht requires about 10-15% of the total cost per year just to maintain and staff.... The NHL cap is just under $100M, about the same as his yacht. The return on $100M is about $5M per year, which is around what the Sabres have left on the table in cap every year. The interest on his yacht money could close the gap in salaries for th Sabres every year. It was the cost of replacing the score board that was well best it's life expectancy. Sabres problem is they loooooze money every year…they are a charity money pit…they will never be profitable as there is no monster tv deal. Be happy Tpegs writes the checks to keep them here and afloat. Quote
DeltaDigital Posted August 22 Posted August 22 looks amazing. GOOD for him. the only people who cry are poor ones who don't have the guts, or brains to go get their own yacht. NOBODY handed terry anything. Quote
TH3 Posted August 22 Posted August 22 3 minutes ago, SectionC3 said: I don’t have to draw the line. And I can say that, wherever that line may be, a $100m yacht is on the wrong side of it. I won’t get political, but this conversation is dumbfounding when you think of the current political climate in this country. People, generally, are torqued about rich folks getting one over on “little” people. This guy’s business got a HUGE sum of money that likely won’t yield an ROI for the state or county. I would have supported the deal for intangible and intrinsic reasons. But it’s bad optics when the guy taking mounds of cash makes that type of purchase. We disagree on the issue, but here’s where you’re wrong. I DO get a vote in the court of public opinion. And my vote is that I wouldn’t have bought the yacht if I was taking those public funds. You may disagree, and I may get voted down. But that’s my opinion and the reflection of my values. Once more. Tpegs did not “take huge mounds of cash”…NY and Erie country contributed to the cost of the stadiu He is not taking public funds 1 Quote
Augie Posted August 22 Posted August 22 6 hours ago, HOUSE said: Ralph Wilson bought a 66 Chevy Impala convertible and nobody said a word... I bet there would have been an uproar if he had gotten the rustproofing. “Just showing off”, they’d say. 3 Quote
Bleeding Bills Blue Posted August 22 Posted August 22 13 minutes ago, Mango said: All but $100M for a boat plus the full time staff, fuel, insurance, etc. a quick Google says a mega yacht requires about 10-15% of the total cost per year just to maintain and staff.... The NHL cap is just under $100M, about the same as his yacht. The return on $100M is about $5M per year, which is around what the Sabres have left on the table in cap every year. The interest on his yacht money could close the gap in salaries for th Sabres every year. It was the cost of replacing the score board that was well best it's life expectancy. End of the day - The bills make money every year. The trimmed down sabres MIGHT break even. Bills selling equity for cash to cover stadium overages, indicates that the bills and their books have value. There isn't a line of people coming to buy a stake in the sabres to fix their dilapidated dump, on a franchise that doesn't generate income, and would only generate any tangible value if sold. 8 minutes ago, TH3 said: Sabres problem is they loooooze money every year…they are a charity money pit…they will never be profitable as there is no monster tv deal. Be happy Tpegs writes the checks to keep them here and afloat. Teams gotta win, and they gotta get people in the building. Thats the only way they can make anything. Quote
Doc Brown Posted August 22 Posted August 22 4 minutes ago, TH3 said: Once more. Tpegs did not “take huge mounds of cash”…NY and Erie country contributed to the cost of the stadiu He is not taking public funds I think he's basically saying he used some of the money he didn't have to use to build the stadium to buy a yacht. Some construe that as bad optics. Quote
CincyBillsFan Posted August 22 Posted August 22 1 hour ago, Lionel Hutz said: I think you need to rewatch that film. Peguala is no George Bailey, he's Mr. Potter. Wow, what do base this on? Quote
Mango Posted August 22 Posted August 22 16 minutes ago, TH3 said: Sabres problem is they loooooze money every year…they are a charity money pit…they will never be profitable as there is no monster tv deal. Be happy Tpegs writes the checks to keep them here and afloat. Galisano found a way to buy a $75M yacht, not lose money on the Sabres, and replaced/updated the scoreboard at KBC within factory recommendations. So I don't buy it as a reasonable excuse for suckitude and neither should anybody else. Quote
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