Cuomo beginning Buffalo Bills stadium posturing

[YardRat]

http://www.buffalorumblings.com/bills-news-notes/2014/5/26/5747248/new-buffalo-bills-stadium-funding-andrew-cuomo

Frankly, it's surprising it took New York State governor Andrew Cuomo this long to advocate for private funding. At NFL meetings last week, several league owners made it known that a new stadium was key to keeping the Buffalo Bills in Western New York. Now, Cuomo says the Bills - and not the taxpayers of New York State - should pay for it.

"If we had to go to a new stadium, my opening position would be, ‘great. New stadium. Privately financed.' I agree that the less government money, the better - if we had to go in that direction in the first place," Cuomo told The Buffalo News.


As part of his posturing, Cuomo sought any way to defend the withholding of state money. Even though it's flimsy, the governor brought up other areas of the state.
"Other parts of the state say ‘how about us?' There's an equity argument," Cuomo said.


"But if it was essential, I would support it," Cuomo concluded. "Now, the devil is in the details. Where? How much? It's not just government money. It would be private money, also."

[X-Era]

Re: Cuomo beginning Buffalo Bills stadium posturing

http://www.buffalorumblings.com/bill...g-andrew-cuomo

Frankly, it's surprising it took New York State governor Andrew Cuomo this long to advocate for private funding. At NFL meetings last week, several league owners made it known that a new stadium was key to keeping the Buffalo Bills in Western New York. Now, Cuomo says the Bills - and not the taxpayers of New York State - should pay for it.

"If we had to go to a new stadium, my opening position would be, ‘great. New stadium. Privately financed.' I agree that the less government money, the better - if we had to go in that direction in the first place," Cuomo told The Buffalo News.


As part of his posturing, Cuomo sought any way to defend the withholding of state money. Even though it's flimsy, the governor brought up other areas of the state.
"Other parts of the state say ‘how about us?' There's an equity argument," Cuomo said.


"But if it was essential, I would support it," Cuomo concluded. "Now, the devil is in the details. Where? How much? It's not just government money. It would be private money, also."

I don't know the details but does Cuomos so called "equity" include a brand new stadium in the Meadowlands?

The Bills should have a vested stake in the new stadium I agree. How much? I don't think it should be 100% Bills money. The state and county should also have a significant stake.

[Historian]

Re: Cuomo beginning Buffalo Bills stadium posturing

It's time the rotting apple does something for us, for a change.

[DraftBoy]

Re: Cuomo beginning Buffalo Bills stadium posturing

Its all talk for now, I don't think he's going to stop the only stadium in NYS from actually being built knowing the jobs, revenue, and economic development it will bring.

That being said if he's looking at a 16, 20, or 24 run at the White House he may be a pain in the ass, to show people he's not just a big government spending machine.

There are a couple unique factors at play that will be interesting to watch.

[Novacane]

Re: Cuomo beginning Buffalo Bills stadium posturing

http://www.buffalorumblings.com/bill...g-andrew-cuomo

Frankly, it's surprising it took New York State governor Andrew Cuomo this long to advocate for private funding. At NFL meetings last week, several league owners made it known that a new stadium was key to keeping the Buffalo Bills in Western New York. Now, Cuomo says the Bills - and not the taxpayers of New York State - should pay for it.

"If we had to go to a new stadium, my opening position would be, ‘great. New stadium. Privately financed.' I agree that the less government money, the better - if we had to go in that direction in the first place," Cuomo told The Buffalo News.


As part of his posturing, Cuomo sought any way to defend the withholding of state money. Even though it's flimsy, the governor brought up other areas of the state.
"Other parts of the state say ‘how about us?' There's an equity argument," Cuomo said.


"But if it was essential, I would support it," Cuomo concluded. "Now, the devil is in the details. Where? How much? It's not just government money. It would be private money, also."

This part pissed me off!

[Skooby]

Re: Cuomo beginning Buffalo Bills stadium posturing

How many NFL team actually play in NY ?? 1, that's right 1. The Bills are the only NY NFL team, so lets not act like the Bills are a dime a dozen. Much of WNY's money flows east to pay for NY City projects, like that really pricey waterline, well send money west to pay for the Bills.

[OLDSRIP]

Re: Cuomo beginning Buffalo Bills stadium posturing

How much did NYS contribute to the NJ stadiums? Anyone know?

[TacklingDummy]

Re: Cuomo beginning Buffalo Bills stadium posturing

It should be financed by all private money.

[MikeInRoch]

Re: Cuomo beginning Buffalo Bills stadium posturing

I'm pretty sure NYS kicked in at least $200M or so for the Yankee's new stadium, plus tax breaks.

[DraftBoy]

Re: Cuomo beginning Buffalo Bills stadium posturing

It should be financed by all private money.

Not sure you'll ever see that again.

[Historian]

Re: Cuomo beginning Buffalo Bills stadium posturing

I'm pretty sure NYS kicked in at least $200M or so for the Yankee's new stadium, plus tax breaks.

Mets too.

[X-Era]

Re: Cuomo beginning Buffalo Bills stadium posturing

Apparently MetLife cost 1.6 bill and was 100% privately funded:

http://www.metlifestadium.com/stadium/about-us

[X-Era]

Re: Cuomo beginning Buffalo Bills stadium posturing

Yankee stadium was 1.3 bill with 450 mill paid equally by the Yankees and NYC taxpayers and the rest from an MLB revenue sharing pool:

http://www.nyc.com/arts__attractions/yankee_stadium.1002975/editorial_review.aspx

[DraftBoy]

Re: Cuomo beginning Buffalo Bills stadium posturing

Apparently MetLife cost 1.6 bill and was 100% privately funded:

http://www.metlifestadium.com/stadium/about-us

There was something else about that deal that escapes me know that made that a bit of a misnomer claim. It was entirely privately funded but I think they received some crazy deal on taxes and land or something like that.

[don137]

Re: Cuomo beginning Buffalo Bills stadium posturing

I think it will be both privately and publicly funded.

Met Life had a huge advantage in that they sold PSLs to both Jets and Giant fans. That sure helped. I have to think PSLs will be part one small part of any new stadium to help finance it. The question is will Bills fans be willing to incur a one time cost for the right to buy seats. They can sell those PSLs when they no longer want season tickets but the PSLs depreciates over time.