NY taxpayers would be on the hook for $850 million in construction costs for a new Buffalo Bills stadium under a deal announced by Governor Hochul on Monday, which would make it the largest direct public subsidy for a NFL stadium in history. Read more:
Buffalo Bills fans celebrate a touchdown in the third quarter of a game against the Carolina Panthers at Highmark Stadium on Dec. 19, 2021 in Orchard Park.Buffalo Bills fans celebrate a touchdown in the third quarter of a game against the Carolina Panthers at Highmark Stadium on Dec. 19, 2021 in Orchard Park.Taxpayers would be on the hook for $850 million in construction costs for a new Buffalo Bills stadium under a deal announced by New York Gov.
Under the deal, New York state would pick up $600 million of construction costs, with Erie County kicking in $250 million. The Bills, which are owned by the billionaire Pegula family, and the NFL would pick up the final $550 million and sign a 30-year lease to use the stadium, according to Hochul’s office.
The costs wouldn’t be limited to construction, however. If approved, the state and county would also chip in about $400 million total for maintenance, repair and capital improvements over the length of the agreement, paid out in annual installments and pushing the total public subsidies past $1.2 billion over three decades.
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NY taxpayers will pay $850 million for Buffalo Bills' new stadiumNew York taxpayers would be on the hook for $850 million in construction costs for a new Buffalo Bills stadium under a deal announced by Governor Hochul on Monday, which would make it the largest direct public subsidy for a NFL stadium in history.
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Gov. Hochul backs $850 million in taxpayer funds for new Buffalo Bills stadiumNew York taxpayers will be asked to commit $850 million in public funds toward construction of a new Buffalo Bills stadium.
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