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I think the idea that the death of the dollar is only due to Biden tells us all that we need to know about your depth of knowledge in this area.
But at least now we are in the same neighborhood. The projection that it will take 30 years to go from $25MM to $55MM is ridiculously conservative. They will probably hit $55MM in about half that time.
That is nothing more than an opinion piece, and a weakly supported one. He gives absolutely nothing in terms of supporting his argument. We have already proven in this thread the state tax revenue over the life of the deal can easily reach the 10-figure range.
I've studied stadium financing for over two decades – and the new Bills stadium is one of the worst deals for taxpayers I've ever seen
Buffalo Bills owners Kim and Terry Pegula received a sweetheart deal from the state to finance their new stadium. Brett Carlsen/Getty ImagesAfter New York lawmakers blew past the deadline to approve the state budget, they finally came to an agreement on April 9, 2022, that included a US$850...www.yahoo.com
From Professor of economics at Holy Cross
Well now that I've absolutely obliterated your main thesis, it is no surprise you've resorted to personal attacks.
Well I just read about ANOTHER stadium deal that is suppose to up in Tenn. It supposedly cost $2.1BILLION (so you can add about $200MM to the final cost. The NFL is reportedly kicking in $750MM the owners about $250 MM and the state and county a whopping ONE pont ONE BILLION dollars. All for a building that MIGHT be used for about 20 times a year. God I wish I owned an NFL franchise where I can have the ownership of a $2.1 BILLION asset for about 10 cents on the dollar..
Now, Tennessee is a state where I don't feel it makes economic sense. There is no state income tax, so they are not recovering the hundreds and hundreds of millions of dollars from taxing the players over the next 30+ years like NY is. This is a situation where they are paying for prestige, but that's an awfully large bill.
Philosophy about not handing out subsidies for billionaires is EXTREMELY important and it sets a bad example for people who are living paycheck to paycheck.
Perhaps.... but that is not the subject I am debating. I am looking at it strictly from a numbers standpoint to establish that the situation in NY was not that bad of a deal for the state in the long term. (As mentioned above, the situation in Tennessee is quite a bit different so I would not make the same claim about anything they did there)
I think the biggest problem in the end with building NFL stadiums is all about the usage, or lack thereof. Just using Gillete as an example it is open about 10-12 ADDITIONAL dates for things like concerts and tractor pulls as well as about 16 additional dates with the Revs. So that adds up to roughly 10-12 (if we are lucky) Patriot dates, 16 odd Rev dates and 10 "other" dates. So the stadium is open 35-38 days a year. So roughly about it sits idle about 330 days just getting older and in need of more repair and updates.. And WE share the field with another professional team.
Nice that a state can afford to spend $1.1Billion in welfare to the rich. When they clearly don't give a sh!t about their kids. I mean WHY WOULD they care when all THEIR kids are going to private schools.. What a world what a world.
It does not apply to this discussion.
You are kidding right?
The fact that my comments are all accurate and you keep stepping on your dlck because you don’t understand the topic is not the same as me professing to be an expert. A high school kid after studying the topic for a week would be beyond your level of understanding. Hell, without studying they are more likely to guess and be more correct than the crap you out up here.
It’s an opinion piece, not a financial analysis.I've studied stadium financing for over two decades – and the new Bills stadium is one of the worst deals for taxpayers I've ever seen
Buffalo Bills owners Kim and Terry Pegula received a sweetheart deal from the state to finance their new stadium. Brett Carlsen/Getty ImagesAfter New York lawmakers blew past the deadline to approve the state budget, they finally came to an agreement on April 9, 2022, that included a US$850...
From Professor of economics at Holy Cross
What example would it set to the fans if they refused and the team moved away to a more lucrative market?
What was the phrase “you have to vote for it to find out what’s in it”
no, im not,
So the fact that they receive other income from a different source means they do not have an employer/employee w2 wage relationship with the Bills?
Ladies and gentlemen,
