It’s bad enough that the budget deal announced Thursday night by New York Governor Kathy Hochul pumps more than $1 billion in public money into a new stadium for the Buffalo Bills, an owned football franchise. by billionaires who participate in the most profitable sports in the world. league. But Ms Hochul has attached conditions to the deal that will increase the construction cost by around 20% and ensure that much of the grant is wasted. This contradicts her claim that she sought to negotiate the “best deal for the taxpayers.”
Ms. Hochul is the first New York governor from Buffalo since Grover Cleveland. Her husband is general counsel for Delaware North, the principal concessionaire of Highmark Stadium, the Bills’ current home in suburban Orchard Park. The new 60,000-space facility is to be erected nearby, on the site of an existing stadium car park. Ms. Hochul says it’s good business for residents, who are rightly wary. The same goes for economists, whose strong consensus is that taxpayers almost always lose out in state-funded stadium projects, which mainly enrich the owners.