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Investigation: Waste of the Day – $850 Million in Taxes Will Go to New Buffalo Bills Stadium

By Adam Andrzejewski

Will Donald Trump win the 2024 election?

Investigation by Adam Andrzejewski originally published by RealClearInvestigations and RealClearWire

Topline: The Buffalo Bills broke ground on a $1.6 billion new stadium last June, and New York taxpayers are on the hook for $850 million of those funds, the largest-ever public investment in an NFL stadium.

Key facts: The Bills’ new stadium is funded in part by $600 million in New York state taxpayer money and $250 million directly from Erie County, where it’s located.

The price tag tops the record $750 million in taxpayer funds the Las Vegas Raiders used to build their stadium in 2020.

While 61% of the Bills’ stadium is being paid for by the public, Gov. Kathy Hochul says is a low rate relative to other NFL teams. The Bills’ current stadium was entirely financed by taxpayers in 1973.

Renovating the Bills’ current home of Highmark Stadium would have cost $862 million, which the Bills and the state agreed was inefficient.

Hochul, a Buffalo native, says the Bills bring in $350 million to the Buffalo area every year and that the stadium will create 10,000 jobs. She also said the team generates $27 million in annual taxes.

Background: Auditors at OpenTheBooks.com found that Erie County’s investment of $250 million is three-quarters of what the county paid to all vendors in 2021 ($326 million).

The $650 million in state taxes being used for the stadium is more than two-thirds the $910 million the state used to finance the Buffalo City School District in 2022.

The new stadium does not include a roof, despite frequent snowfall during football season, which was one of the main criticisms of the Bills’ old stadium.

However, 80% of the new seats are weather protected.

The deal does include language allowing New York to sue the Bills for the entire cost of the stadium if they try and relocate the franchise within the next 30 years.

The initial proposal drew backlash because Hochul’s husband, William, was employed by Delaware North, which runs concession stands at the Bills’ stadium. William Hochul resigned from Delaware North last August.

Supporting quote: “I’m pleased that after months of negotiations, we’ve come out with the best answers possible,” Hochul said. “The Bills will stay in Buffalo for another 30 years, the project will create 10,000 union jobs and New Yorkers can rest assured that their investment will be recouped by the economic activity the team generates.”

Summary: There’s no denying that the Bills are important to Buffalo’s economy, especially during their current run of five straight playoff appearances. However, taxpayers are now paying a large price to keep the franchise in New York.
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By Adam Andrzejewski – The #WasteOfTheDay is brought to you by the forensic auditors at OpenTheBooks.com

This article was originally published by RealClearInvestigations and made available via RealClearWire.

Deneen Borelli

Deneen Borelli is the author of Blacklash: How Obama and the Left are Driving Americans to the Government Plantation. Deneen is a contributor with Newsmax Broadcasting. She is a former Fox News contributor and has appeared regularly on “Hannity,” “Fox & Friends,” “Your World with Neil Cavuto,” and “America’s Newsroom.” She has also appeared on Fox Business Network programs “Making Money with Charles Payne,” “The Evening Edit with Liz MacDonald,” and “Cavuto: Coast to Coast.” Previously, Deneen appeared on MSNBC, CNN, the BBC and C-SPAN. In addition to television, Deneen co-hosted radio programs on the SiriusXM Patriot channel with her husband Tom. Recently, Deneen co-hosted the Reigniting Liberty podcast with Tom. Deneen is a frequent speaker at political events, including the FreedomWorks 9.12.2009 March on D.C. which drew a crowd estimated at over 800,000 people. Deneen is also an Ambassador with CloutHub.com, a social media platform that promotes free speech, and with the America First Policy Institute (AFPI) which advances policies that put Americans first. Deneen testified before the U.S. House of Representatives Committee on Natural Resources in May 2011 and before the Ohio House Public Utilities Committee in December 2011. Previously, Deneen was a BlazeTV.com host, Outreach Director with FreedomWorks.org overseeing its Empower.org outreach program, a Project 21 Senior Fellow, and Manager of Media Relations with the Congress of Racial Equality (CORE). Prior to joining CORE, Deneen worked at Philip Morris USA for 20 years. During her corporate career at Philip Morris she worked in various positions, her last as Project Management Coordinator in the Information Management department where she was responsible for the department’s mandated quality processes, communications, sales information and database management. Deneen began her Philip Morris career as a secretary and advanced to positions of increasing responsibilities. Deneen worked full-time and attended classes at night for 11 years to earn her B.A. in Managerial Marketing from Pace University, New York City. Deneen served on the Board of Trustees with The Opportunity Charter School in Harlem, New York. She appeared in educational videos for children, worked as a runway fashion model, and auditioned for television commercials. Her interests include ancient history, pistol target shooting, photography, and volunteering at her church. Deneen currently resides in Connecticut with her husband Tom.

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