The BuffaloBills moved one major step closer to breaking ground on their new stadium by June 1 after formally submitting the final contractual agreements – including a detailed 30-year lease – to the county earlier this week.
BUFFALO, N.Y. -The Buffalo Bills moved one major step closer to breaking ground on their new stadium by June 1 after formally submitting the final contractual agreements – including a detailed 30-year lease – to the county earlier this week.
A majority of the construction on the open-air stadium is expected to be completed in time for the 2026 season. The NFL, through its G4 loan program, and the Bills agreed to commit $550 million in financing, with team owners Terry and Kim Pegula’s share coming in at $350 million, with much of that made up by the team introducing seat licenses for season ticket holders. The Bills are also responsible for covering any construction over-runs beyond $1.4 billion.
The notable details in the final agreements include a 30-year lease that features a non-relocation clause in which the Bills would have to pay back all public funding through the first 14 years of the deal. The payback amount drops over the final 16 years of the agreement.
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