Economics Thread

[acesfull86]

https://buffalonews.com/news/state-a...daa70c27c.html

Preliminary talks have begun between the owners of the Buffalo Bills, the State of New York and Erie County as officials consider a pitch by the team to build a new NFL stadium.

In fact, it’s one of the largest asks for public money in pro sports stadium negotiations: Pegula Sports and Entertainment, the team’s owners, have pitched a $1.5 billion proposal for a new stadium in Orchard Park and to help cover some renovation costs to the Pegulas' NHL Sabres arena in downtown Buffalo.

The public would provide an unprecedented 100%, according to multiple sources who spoke on condition of anonymity due to the high sensitivity of the early stage of negotiations.


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Disgraceful

[Jaw]

No municipality should ever pay another dollar towards a stadium for pro sports, there's just no way the investment ever pays itself back.

[thethe]

No municipality should ever pay another dollar towards a stadium for pro sports, there's just no way the investment ever pays itself back.

I don't know why it isn't structured so that the municipality has in effect a lien on the pro sports team with specific language on paybacks to satisfy said lien.

Sports teams make absurd amounts of money and I understand the majority is on paper through appreciation. If that is the case then relay a parentage ownership to the people with options to force a redemption.

[acesfull86]

No municipality should ever pay another dollar towards a stadium for pro sports, there's just no way the investment ever pays itself back.

And football is the worst of the bunch. It’s beyond insulting to taxpayers.

[goldfly]

The public building stadiums for billionaires is absurd and should never happen

Not unless the public is getting part ownership of the team

[nsacpi]

https://buffalonews.com/news/state-a...daa70c27c.html

Preliminary talks have begun between the owners of the Buffalo Bills, the State of New York and Erie County as officials consider a pitch by the team to build a new NFL stadium.

In fact, it’s one of the largest asks for public money in pro sports stadium negotiations: Pegula Sports and Entertainment, the team’s owners, have pitched a $1.5 billion proposal for a new stadium in Orchard Park and to help cover some renovation costs to the Pegulas' NHL Sabres arena in downtown Buffalo.

The public would provide an unprecedented 100%, according to multiple sources who spoke on condition of anonymity due to the high sensitivity of the early stage of negotiations.


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Disgraceful

that seems to be outrageously one-sided even by the standards of sports stadia

[acesfull86]

It's almost like a systemic problem.

Also a systemic problem?

[msstate7]

Also a systemic problem?

Yep. It's not fair that they work harder in school and get better jobs.

[thethe]

Yep. It's not fair that they work harder in school and get better jobs.

Damn those adherents to the meritocracy.

Only thing worse than the meritocracy is the Patriarchy.

[sturg33]

This is too good

[thethe]

Things are getting worse.

[sturg33]

Things are getting worse.

I managed to spend $111 at the grocery store today and only left with 3 bags of stuff

[goldfly]

I managed to spend $111 at the grocery store today and only left with 3 bags of stuff

lol

[sturg33]

lol

I am fortunate enough that inflation won't completely wreck me like it will many of the people in this country

[goldfly]

cool

i look forward to more arbitrary examples of your grocery shopping trips

i could spend more than that and leave with one bag ftr lol

[sturg33]

cool

i look forward to more arbitrary examples of your grocery shopping trips

i could spend more than that and leave with one bag ftr lol

are you on the nsacpi train that inflation is of no concern?

[goldfly]

I’m on the train that your post saying how much you spent and how many bags you left with from a grocery store is one of the dumbest things you’ve brought to this board

And that’s saying something

[sturg33]

Why is it so difficult for you to answer a direct question

[thethe]

He doesn’t understand what inflation is

[mqt]

I am fortunate enough that inflation won't completely wreck me like it will many of the people in this country

Cool, let’s expand programs for food assistance.