Taxpayer Tab Is $850M For Bills’ New Stadium, NY Gov Says
Mar 28, 2022, 10:06 AM
A general view of the staduim during the first half of the game between the Buffalo Bills and the Miami Dolphins at Ralph Wilson Stadium on September 14, 2014 in Orchard Park, New York. (Photo by Tom Szczerbowski/Getty Images)
(Photo by Tom Szczerbowski/Getty Images)
BUFFALO, N.Y. (AP) — State and county taxpayers will be asked to commit $850 million in public funds toward construction of the Buffalo Bills’ new stadium as part of a 30-year lease agreement.
The project has a total estimated price tag of $1.4 billion. Gov. Kathy Hochul announced in a press release that the state will commit $600 million in funds which will be in included in the budget due Friday.
A statement from Terry and Kim Pegula on the new Bills stadium project. pic.twitter.com/eOy970NM7T
— Buffalo Bills (@BuffaloBills) March 28, 2022
Erie County will commit $250 million, with the NFL and the Buffalo Bills committing $550 million.
Bills announce 30-year deal for new $1.4 billion stadium in Orchard Park.
The official groundbreaking scheduled for next spring and aiming for 2026 completion. 62,000 seats, open air, “built for Buffalo,” per Pegula Sports EVP Ron Raccuia. pic.twitter.com/1atuAZUrKQ
— Cameron Wolfe (@CameronWolfe) March 28, 2022
The dollar amount is considered to be the largest public commitment for an NFL facility.
