Welfare for billionaires.
The new $1.4 billion stadium for the Buffalo Bills will receive a record handout from New York taxpayers of $850 million.
Democrat Gov. Kathy Hochul says the money will come from state & country coffers.
The combined $850 million would set a record for the most public money ever spent on an NFL stadium.
"The $850 million of taxpayer commitment would represent about 63% of the projected cost of construction. Though high, it is lower than the 73% the state and county have historically committed to the team for construction and capital costs since the Bills were established in 1960.
The Bills are seeking to replace their existing facility, which opened in 1973 and was deemed too expensive to renovate. A state study in November pegged renovation costs at $862 million.
If the agreement is approved, the Bills project the new facility could be built in time for the start of the 2026 season. The Bills' existing lease with the state and county runs through July 2023."