Thursday, March 31, 2022

The Bills' grossly unethical stadium deal will burden the people it purports to unite

I suggest reading the whole article.


Shalise Manza Young·Yahoo Sports Columnist
Tue, March 29, 2022, 7:49 PM


In the state of New York, if you want to receive public assistance — you know, money from state or local authorities to help keep a roof over heads or food in refrigerators — there are conditions that recipients must meet.


 When wealthy people want public assistance, well, that's a different story.

On Monday, New York Gov. Kathy Hochul, and Terry and Kim Pegula, the multi-billionaire owners of the Buffalo Bills, trumpeted a new stadium deal for the team that will see the state give the couple $600 million in taxpayer funds. As if that weren't enough, Erie County will kick in $250 million.

The $850 million is the largest amount of public monies ever given to finance a stadium for a privately owned team.

And yet, in all of the coverage of the agreement, there hasn't been a word about the conditions the Pegulas, and by extension, the Bills, will have to meet to get the public assistance funds.


Terry and Kim Pegula are reportedly worth $5.8 billion, give or take. In a hyper-exclusive club of wealthy team owners, they are among the top 10 wealthiest.


Hochul can just propose to slash $800 million from New York's Office of Child and Family Services. Why make sure the most vulnerable citizens of the state are taken care of when there's a massive facility to build that will get used only 20 or so times a year? A building in which the tenants keep essentially all of the profits and reap all of the benefits when the value of the team increases because of the new facility?



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