Bills deal is corporate welfare at its worst
New York’s absurdly generous stadium giveaway to the Buffalo Bills “was the cause of giddy, borderline incredulous reaction” among NFL owners who recently gathered in Florida. So reports Tim Graham, who covers the team for The Athletic. Well, why shouldn’t the owners be gleeful?
By handing Terry and Kim Pegula, the billionaires who own the Bills, a record-breaking public contribution of more than a billion dollars, Gov. Kathy Hochul has set a new corporate-welfare standard that will be cited by other teams looking to suck taxpayers dry.
Give us what Buffalo got or we’ll move the team to Timbuktu!
Why, exactly, Hochul chose to be so magnanimous is anyone’s guess, and, no, her strong-arming of the Seneca Nation to help pay for the stadium doesn’t