The Buffalo Bills have reached an agreement with New York State and Erie County for a new $1.4 billion outdoor stadium—with the state and county coughing up $850 million of the upfront cost—in Orchard Park.
Gov. Kathy Hochul (D) called the 30-year lease “ironclad.”
“We took another step today to solidify our collective goal of constructing a new stadium for the Buffalo Bills in Orchard Park,” said team owners Terry and Kim Pegula in a statement. “We are grateful for the time, efforts, and unwavering commitment made by Governor Hochul and her team throughout this process.
“While there are more hurdles to clear before getting to the finish line, we feel our public-private partnership between New York State, Erie County, led by county executive Mark Poloncarz, and the National Football League will get us there.”
Subscribe to our free weekly newsletter!
A week of sports news in your in-box.
We find the sports news you need to know, so you don't have to.
New York state will contribute $600 million and Erie County $250 million, while the NFL will provide a $200 million loan to the Bills with $150 million forgivable with repayment via the visiting teams’ share of ticket revenue over 25 years. The deal met with outrage among good government activists.
The Pegulas are contributing at least $350 million toward construction.
With their big three finally back in action Wednesday, the Philadelphia 76ers suffered another setback…
https://www.youtube.com/shorts/tny--EWynOQ Nike paid tribute to Spanish tennis legend Rafael Nadal with a 10-meter-tall animated display…
https://youtu.be/dtJoJz9hC48 Tennis legend Rafael Nadal bid a heartfelt goodbye to his devoted Spanish fans as he brought…
https://www.youtube.com/shorts/DQ9Rxhnuer4 U.S. Olympic fencer Eli Dershwitz shed light on the critical skills necessary in fencing…
Two offensive linemen for the Chicago Bears returned to practice, a massive step in the…
https://www.youtube.com/shorts/s2g9t_33Myw President-elect Donald Trump received a warm welcome from Ultimate Fighting Championship (UFC) fighter Jon…