dwight in philly Posted March 18, 2015 Share Posted March 18, 2015 http://profootballtalk.nbcsports.com/2015/03/18/new-federal-budget-would-eliminate-use-of-tax-free-bonds-for-stadiums Link to comment Share on other sites More sharing options...
Nextera15 Posted March 18, 2015 Share Posted March 18, 2015 I'd say no. Terry and Kim have had a plan for years. A multibillionaire doesn't put millions into a city without a long term plan on investing without getting a portion if not all of it back. I really think they know what UB is doing and have had plans to build that area up ever since he bought the Sabres. He used to sit with the fans and went to Bills games long before people knew who he was. It does take time, planning and advisors to come up with a plan that helps out the city but also benefits all those involved. What I can see is a new Bills stadium but closer to the UB 20 project with a very nice convention center along with it so it is a year round destination. With the Harbor center being a year round attraction now and it looks very nice with a short walk to a convention center and stadium will bring in business and medical businesses as well. How does this change and how can he get the founding from the state? By making this a multi-complex with a convention center and maybe a little plaza inside with shops and restaurants, improves the quality of life and helps build new businesses in which they will get a huge tax break but also maybe even federal founding if done right. Of course major obstacles need to be passed like proof it will improve and be successful and can the city even handle it? The reason why us peasants don't know what's going on is people need to rub elbows and the right palms need to be greased. I would be willing to bet this was all talked about well before Harbor Center was ever built and even the Sabres First Niagara Center was ever updated. They sit back and say what about long term? Think about it. A huge convention center attached with a dome stadium right by the Casino and UB project. In the middle of winter it would be nice to walk from the hospital to a convention center in order to get to the casino? Hotels right there. Year round activity. Link to comment Share on other sites More sharing options...
PromoTheRobot Posted March 18, 2015 Share Posted March 18, 2015 I think TP can build without any help. Besides I doubt this will pass. Congress isn't going to allow anything that hurts their wealthy donors. Link to comment Share on other sites More sharing options...
zonabb Posted March 18, 2015 Share Posted March 18, 2015 Pretty awesome that a democrat is proposing cutting billionaire handouts. Let's see if the Republican's align their votes with their ideology (free market economics and competition) or with their donors (who think competition advantage is who has more money to give). Rather than being taken for what it is, free market competition, it'll be spun as "anti-business" by the GOP!! And this is the state of our system today... just rhetoric and no substance. This sums up the problem of rhetoric over substance: http://thinkprogress.org/education/2015/03/16/3633972/ted-cruz-makes-impassioned-plea-repeal-federal-legislation-not-exist/ Link to comment Share on other sites More sharing options...
K D Posted March 18, 2015 Share Posted March 18, 2015 it will get done regardless but that would hurt a little. just our luck that they would change it as we are preparing to build one Link to comment Share on other sites More sharing options...
BillsFanM.D. Posted March 18, 2015 Share Posted March 18, 2015 PPP in 3...2...1... Link to comment Share on other sites More sharing options...
PaattMaann Posted March 18, 2015 Share Posted March 18, 2015 I think TP can build without any help. Besides I doubt this will pass. Congress isn't going to allow anything that hurts their wealthy donors. THIS, time a million you dont bite the hand that feeds you (thats why no real change occurs in Washington, money trumps politics/money drives politics) Link to comment Share on other sites More sharing options...
BillsFan-4-Ever Posted March 18, 2015 Share Posted March 18, 2015 Grammar police... I need your help! affect the bills new stadium something means to cause it to change or to bring about. sorry I couldn't resist,. made me do it Link to comment Share on other sites More sharing options...
Saxum Posted March 18, 2015 Share Posted March 18, 2015 Does not affect infrastructure and other tax free bonds. Wheeler dealers will get tax-free bonds to be used in other ways which help stadiums be financed. Link to comment Share on other sites More sharing options...
dwight in philly Posted March 18, 2015 Author Share Posted March 18, 2015 Grammar police... I need your help! affect the bills new stadium something means to cause it to change or to bring about. sorry I couldn't resist,. made me do it ok.. you got me!.. sorry Link to comment Share on other sites More sharing options...
Mr. WEO Posted March 18, 2015 Share Posted March 18, 2015 I think it will pass. It's an easy one for a politician of any persuasion. Very populist. Relatively few "donors" would be affected, so no need to worry about them. Pegula should build a new stadium with his own money. The state can kick in a reasonable amount for infrastructure. These stadiums simply don't transform the areas around them, this has been well documented. Adding a "convention center" (to compete with the already underbooked convention center?) is another well proven waste of taxpayer money. If he wants a stadium, he can afford to build one. I doubt he will a problem with this so it shouldn't change anything going forward. Link to comment Share on other sites More sharing options...
BillsFan-4-Ever Posted March 18, 2015 Share Posted March 18, 2015 ok.. you got me!.. sorry just joking around. the grammar police like to zero in on the use of either word. It might be that both are applicable here. Link to comment Share on other sites More sharing options...
SF Bills Fan Posted March 18, 2015 Share Posted March 18, 2015 the Pegulas could build a stadium without any help. If they want help, they will get it. The NFL will kick in (should kick in) and there are other ways to raise money publicly for this. The Bills will be playing in a new retractable roof downtown stadium in 10 years. I would guarantee it. Link to comment Share on other sites More sharing options...
dwight in philly Posted March 18, 2015 Author Share Posted March 18, 2015 just joking around. the grammar police like to zero in on the use of either word. It might be that both are applicable here. no problem! lol.. but i did think about it before i posted.. and you are right about the use of it here.. i just thought EFFECT didnt look right.. Link to comment Share on other sites More sharing options...
UConn James Posted March 19, 2015 Share Posted March 19, 2015 When I think of stadiums and government getting involved, part of me cringes at public money going to these endeavors. But another part, besides any argument of increased economic activity for an area... is the use of the stadium. A large complex like these can serve as a community asset in times of disaster e.g. The Superdome during Hurricane Katrina, they used the UCONN stadium during flooding, etc. The government can literally take over this asset at times of critical need. Rather than building a vast emergency complex / triage area that may never be needed, I don't find it too much to ask that the government ought to put something into the pot to create a space to run operations. I'm a fiscal ultra conservative and even I can allow for that. This is short-sighted, but alas... it fits right in with the 'Eat The Rich' attitude of the administration. Make private owners pay for it all, and then government uses it if/when it needs to with no remuneration. Link to comment Share on other sites More sharing options...
DJasper Probincrux III Posted March 19, 2015 Share Posted March 19, 2015 How nice was it not to be included in the list of teams in danger of moving at the end of the article?? When I think of stadiums and government getting involved, part of me cringes at public money going to these endeavors.But another part, besides any argument of increased economic activity for an area... is the use of the stadium. A large complex like these can serve as a community asset in times of disaster e.g. The Superdome during Hurricane Katrina, they used the UCONN stadium during flooding, etc. The government can literally take over this asset at times of critical need. Rather than building a vast emergency complex / triage area that may never be needed, I don't find it too much to ask that the government ought to put something into the pot to create a space to run operations. I'm a fiscal ultra conservative and even I can allow for that.This is short-sighted, but alas... it fits right in with the 'Eat The Rich' attitude of the administration. Make private owners pay for it all, and then government uses it if/when it needs to with no remuneration. The problem with both of your examples is that they were both financed with public money in the first place. The Superdome got about 150 million public dollars for repairs afterwards not including the tax free bonds. While I don't doubt that in the case of serious emergency that the government would use the facility I strongly doubt that the owners would not be remunerated after the fact. It's not quite the same as police commandeering a vehicle. FWIW, even if the Pegulas finance the entire stadium the public will still be paying for infrastructure improvements, etc. so an argument could be made that the public made its contribution in that way. Link to comment Share on other sites More sharing options...
.thumb.jpg.722aeba127c7cb0fa5732d105ed7f1a3.jpg)
Recommended Posts