Posted on 03/29/2022 5:58:14 AM PDT by 1Old Pro
As part of the agreement between New York state, Erie County and the NFL's Buffalo Bills franchise, Hochul advanced a $600 million proposal from the state budget. Erie County will provide $250 million and the NFL and Bills will provide a combined $550 million to build a $1.4 billion new stadium, the governor's announcement said.
the project will create 10,000 union jobs and New Yorkers can rest assured that their investment will be recouped by the economic activity the team generates," she added.
The $850 million in pledged taxpayer money is the largest public contribution toward any NFL stadium.
(Excerpt) Read more at thehill.com ...
And how much of that $600 Million to pay UNION labor will be kicked back to the Demoncrats? I estimate $100 Million.
Indeed
And that hurts
She simply guaranteed herself a seat in the Governor’s Suite.
They think of themselves as royalty with all the coliseum trappings.
Robert Kraft and the New England Patriots privately funded their beautiful stadium. The state kicked in infrastructure improvements. Any state that funds multi-billionaire’s toys should be prosecuted or impeached, IMHO.
Major League Losers: The Real Cost Of Sports And Who's Paying For It
"A welfare system exists in this country that transfers hundreds of millions of dollars from taxpayers to individuals who hardly require government assistance. State and local officials, mesmerized by vague promises and starry-eyed visions of the future, cave in to ever escalating demands from the system's beneficiaries, without ever finding out whether the public is served by such policies. It's a scandal, really, and reform is long overdue if we are to rein in the abuses perpetrated by ...America's professional sports franchises.Major League Losers is a clarion call that exposes the system by which American cities and states shell out scarce tax dollars to subsidize the expenses of wealthy team owners and their extraordinarily well-paid employees. New stadiums and arenas are built at public expense, but municipalities are regularly shut out from sharing in the profits they generate. Sweetheart deals, negotiated under the threat of a team leaving town, result in many owners receiving land, investment opportunities, luxury suites, prime office space, and practice facilities—all financed by the taxpayers.
Mark S. Rosentraub, a leading analyst of the economic impacts of sports on urban areas, has studied the truth behind the claims routinely made by mayors, team owners, and the media, and he has discovered that major league sports have no more than a minuscule impact on the economy of a city or region. They produce few jobs, little tax revenue, and a negligible positive impact even on their own immediate neighborhood. In these times of tight budgets, Rosentraub shows that the current system wastes a colossal amount of public money that Americans cannot afford, and his pointed critique provides government officials and taxpayers with a clearer understanding of how cities can, and should, negotiate with sports franchises to protect the true public good."
"Both Rosentraub and Danielson largely place the blame for taxpayer subsidies on such misnomers as sports “cartels” or “monopolies,” when in fact they are another outgrowth of our massive welfare state. Big government is alive and well in the wide world of sports."
+1
The best anti-stadium web site (imho) is this one—discusses many sports, both major and minor leagues:
https://www.fieldofschemes.com/
Another OBodyMortgagers Scam.
My first thought was make the billionaires/multi-millionaires build it themselves and give them a tax break on the back end. That way it is the users who are forced to recoup (which never happens). Also the 10k union jobs are only temporary, putting them on unemployment in a couple years.
Its all a boondoggle which hurts the poor fans the most, as they will never be sble to afford a ticket.
The money spent on players multi-million dollar salaries could pay for this out the teams and leagues funds. No private citizen should have to pay for entertainment.
gov. Hoochie... and randy andy will be back to haunt her in the primaries
Buffalo police: three officers shot during pursuit and multiple people in custody
And on the stadium...
Hochul directs $418 million of disputed casino revenue to go toward new Buffalo Bills stadium
I wonder if that money had already been budgeted to go elsewhere. If so, taxpayers are still screwed.
Bribe or coercion?
And if those funds were already budgeted for something else, taxpayers are still screwed.
Honestly, this should be a referendum. How I dislike these corrupt pols.
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