Buffalo Bills want a new stadium – and for taxpayers to foot the bill

[Ann]

…

 

 

[Ann]

…

 

 

[Ann]

…

 

 

[Arm of Harm]

On 3/27/2022 at 11:23 AM, Foxx said:

What about inflation and your dollar's valuation eroding over time. Does it then take roughly 40 years for the taxpayer to recoup?

 

As an example let’s say there’s 10% inflation. You’d expect everything to go up by 10%, including taxes collected. That being the case, inflation will not erode the value of the taxes. If anything the opposite will happen. The salary cap has been rising at a faster pace than inflation. A higher salary cap means higher player salaries, which means more income taxes paid to the state. 

[Ann]

….

 

 

[Ann]

….

 

 

[Ann]

…

 

 

[Ann]

….

 

 

[Ann]

…

 

….

 

 

 

[Spartacus]

30 minutes ago, Arm of Harm said:

As an example let’s say there’s 10% inflation. You’d expect everything to go up by 10%, including taxes collected. That being the case, inflation will not erode the value of the taxes. If anything the opposite will happen. The salary cap has been rising at a faster pace than inflation. A higher salary cap means higher player salaries, which means more income taxes paid to the state. 

that's cool concept

Pegula's get to take credit for the players' income taxes paid by them as the main component in paying back the cost of a stadium that will drive up the value of the Bills franchise,  for their sole benefit. 

[MothersMilk]

Full announcement here, 25 minutes or so:

 

 

[Crap Throwing Clavin]

1 hour ago, Foxx said:

30-year deal.

 

Buffalo Bills, New York State, Erie County reach 'ironclad' 30-year deal to build $1.4 billion stadium

 

Who pays the cost overruns?

[MothersMilk]

6 minutes ago, Crap Throwing Monkey said:

 

Who pays the cost overruns?

Everything is explained in the video I posted... taxpayers got a good deal imo.

[Spartacus]

1 hour ago, MothersMilk said:

Full announcement here, 25 minutes or so:

 

 

Erie county is somehow going to cover the debt service on its funding commitment with no increase in taxes.

 

admirable accomplishment

 

with such wizardry, probably should have went the extra mile for the dome 

[Ann]

 

 

What Bills fans need to know about the New Bills Stadium project

[IDBillzFan]

 

[Spartacus]

1 hour ago, Crap Throwing Monkey said:

 

Who pays the cost overruns?

the Bills

[Spartacus]

 

2 hours ago, MothersMilk said:

Full announcement here, 25 minutes or so:

 

 

He's pretty proud that all work will be done by union workers

I guess pretty important for getting re-elected

 

not so much for keeping construction costs down

(but that isn't his problem anymore as cost overruns have been passed to the Bills)

 

 

Edited March 28, 2022 by Spartacus

[Seasons1992]

50 minutes ago, Spartacus said:

Erie county is somehow going to cover the debt service on its funding commitment with no increase in taxes.

 

admirable accomplishment

 

with such wizardry, probably should have went the extra mile for the dome 

 

"Everybody wins!"

 

[devnull]

Corporate Welfare