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Bills deal renews debate over public dollars for arenas

KYMA

By MARINA VILLENEUVE
Associated Press

ALBANY, N.Y. (AP) — New York looks poised to become the next place to give a huge subsidy to a professional sports arena, despite questions about whether the civic pride of having a team justifies giving so much public money to a private business. Gov. Kathy Hochul proposed a deal Monday that would give the Buffalo Bills $850 million in public funds to help the team build a new $1.4 billion stadium. The deal was condemned by some as a giveaway to the team’s billionaire owners. Hochul says it makes economic sense. Economists say research shows sport stadiums don’t do much to boost a local economy.

Article Topic Follows: AP Business

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The Associated Press

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