Post by GrizzlyBear on Mar 28, 2022 9:50:11 GMT -6
www.chicagotribune.com/sports/breaking/ct-buffalo-bills-stadium-20220328-xeaetx2ckbbsjnq4wxotabsij4-story.html
Taxpayers will face $850 million tab for Buffalo Bills’ new $1.35 billion stadium
By John Wawrow - March 28th, 2022
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Taxpayers will face $850 million tab for Buffalo Bills’ new $1.35 billion stadium
By John Wawrow - March 28th, 2022
BUFFALO, N.Y. — State and county taxpayers will be asked to commit $850 million in public funds toward construction of the Buffalo Bills’ new stadium — which has a state-projected price tag of $1.4 billion — as part of a 30-year lease agreement reached on Monday.
New York state will commit $600 million in funds, which will be in included in the budget due on Friday, Gov. Kathy Hochul announced in a press release. Erie County will commit $250 million toward the project, with the NFL and the Buffalo Bills committing $550 million in financing. The dollar amount is considered to be the largest public commitment for an NFL facility. The deal is meant to secure the NFL team’s long-term future in Buffalo, with the proposed 60,000-plus-seat facility to be built across the street from the Bills’ current stadium.
New York state will commit $600 million in funds, which will be in included in the budget due on Friday, Gov. Kathy Hochul announced in a press release. Erie County will commit $250 million toward the project, with the NFL and the Buffalo Bills committing $550 million in financing. The dollar amount is considered to be the largest public commitment for an NFL facility. The deal is meant to secure the NFL team’s long-term future in Buffalo, with the proposed 60,000-plus-seat facility to be built across the street from the Bills’ current stadium.
Read the article.
