Bills’ new stadium deal carries $850M taxpayer tab, gov says

Bills’ new stadium deal carries $850M taxpayer tab, gov says

BUFFALO, N.Y. (AP) — State and county taxpayers will be asked to commit a record $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 the state will commit $600 million in funds which will be included in the budget due Friday. Erie County will commit $250 million, with the NFL and the Buffalo Bills committing $550 million. The dollar amount is considered to be the largest public commitment for an NFL facility.

Photo: FILE – Buffalo Bills fans leave Bills Stadium as a mascot waves a flag after an NFL divisional round football game against the Baltimore Ravens, Jan. 16, 2021, in Orchard Park, 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 $1.35 billion, a person familiar with the the plan told The Associated Press on Monday, March 28, 2022. (AP Photo/Adrian Kraus, File)