Let me opine a contra-intuitive theory: it ain't about SU as an institution any more. That University is just an overpriced ticket for mostly urban kids from greater this or that - NYC or Westchester or LI or Jersey or DC. Not the highest achievers; not the best & the brightest. Just a way station that was a fun place to party for 4 to 6 years. Colgate in Hamilton or Cornell in Ithaca actually have better minds and harder, more rigorous academics.
The region is really getting engulphed by ONE Indian tribe - the Senaca Nation. That place had grown immensely and makes money in all different economies. With innovative resort features in development today. More interesting that DisneyWorld I would say. Since the Carrier Dome is functionally obsolescent, maybe you just sell the whole kit & kaboddle to Roy the CEO. He'd replace Jim B without sentimentality. Improve your Lacrosse. Build a huge new modern arena for football and hoop to match Vegas. Give you dollars for a new Hockey East franchise which no other donor would fund. And drag those entitled kids away from the urban wretches you NYC alumni fear.
New York State is doing what they should have done in mid 1970s. Make Buffalo and Stony Brook Flagship State U. And then SU finds out what a Public Institution with bonding capacity can do to take your bacon away.