Out of town posters, be apprised:Profit from what? You seem to believe the investment is in the team, and that's not where the investment is being made. The investment is in the stadium. Of course the state or county will reap the benefits from the stadium, whatever they happen to be. Parking fees, concession fees, naming rights, other uses for the stadium. But the main benefit to taxpayers is from the continued presence of the Buffalo Bills in the area, the fans the team attracts, the money they spend in the area, and that sort of thing.
It is what is called a public-private partnership. That's also what the American system of broadcasting is considered. You own the facilities and the government owns the spectrum. They regulate what you do with your facility. The stadium will be a similar arrangement.
§ The City of Buffalo isn't involved in this transaction. It's on Erie County and New York State, which will float bonds and finance the construction of a new stadium, largely paid for by the taxpayers of Erie County and New York State.
§ Parking fees, concessions and other residuals don't entirely go to Erie County. There's a split.
§ The new stadium, if it's ever built, will be across Abbott Road from the current stadium (out of town posters should Google Map it.) The county owns the land. There's even some talk of razing Erie Community College South campus to accommodate the stadium, although that theory seems premature as well as impractical.
§ The state sales tax is 4%. Erie County levies a sales tax of 4.75%. When a customer purchases an item for $1,000, he/she ponies up and addition $87.50 before leaving the store or on-line shopping cart.
Property taxes are high. In large measure, the tax rate in western New York is higher than most parts of the country because there are countless layers of government in the state and the county. Take Lancaster, Depew and Sloan for example... or school districts... there are four school districts in Cheektowaga, each having separate administrations. We have state police, town and/or village police and county sheriffs deputies. There are a lot of layers on the fiscal onion.
Terry Pegula's net worth, according to Forbes, is $6 billion "with-a-B-dollars." As rightfully noted earlier ↑ in this thread, it's not like he has that money in his mattress, but he's most likely $5.999,995 billion wealthier than most people who go to the stadium to watch the Bills.
Where this ends is anybody's guess, but it's likely Pegula will come up with some of the financing, and the state will bend over backwards. The question is how much, and at what cost. The NFL has put a gun to the head of Western New York and New York State taxpayers. Pegula has his finger on the trigger.
How many rounds in the chamber?