“We are confident that the results of this analysis will be a valuable tool as the state, Erie County and the Buffalo Bills work together to make sure the team remains in the region in a facility that Bills fans and New Yorkers can be proud of for years to come,” said Kevin Younis, CEO of Empire State Development, which commissioned the study.
The key issue is how much money the state and county will be required to commit, with the Bills anticipating taxpayers will be asked to bear more than 50% of the cost. That decision will be left to the state, Erie County and the Bills in negotiations, which are expected to resume shortly.
The findings align with the team's projections, which estimated a new stadium in Orchard Park would cost about $1.4 billion.ĪECOM's study did not recommend either preferred site. AECOM cites “a tipping point” when the cost of renovations exceed 60% of building a new facility.ĪECOM based its findings on the proposal the Bills submitted to the state government this summer. Multinational engineering and consulting firm AECOM recommended against renovating the 48-year-old Highmark Stadium, projecting it would cost about $862 million. Building one downtown would, at a minimum, add $750 million because of the need to acquire land and make necessary infrastructure upgrades.
#BILLS NEW STADIUM DESIGN TRIAL#
Andrew Cuomo, who announced Tuesday that he would resign rather than face a likely impeachment trial after Attorney General Letitia James released a report concluding he sexually harassed 11 women and describing a toxic work environment in his administration.The study estimates that a new stadium at the team’s proposed location, across the street from its current home in Orchard Park, would cost $1.354 billion. New York state will now be represented in discussions by Lt.
The Bills are owned by Terry and Kim Pegula, who purchased the team for a then NFL-record $1.4 billion from the estate of late Hall of Fame owner Ralph Wilson in 2014. “It’s just got to be a fair deal for all.” “We will get a deal done,” Poloncarz said. Last week, Erie County Executive Mark Poloncarz warned that the state and county won’t be writing what he called “a blank check.” Up for discussion is how much state and local taxpayer money would have to be committed to construction. This would allow the team to continue playing home games in Orchard Park, New York, until the new stadium is completed. The proposed new stadium would be built on a Bills-controlled parking lot located directly across the street from their facility. “Renovation is simply not an option,” the person said. That cost is projected to be much higher in today’s dollars. Talks are happening as the Bills’ lease expires in July 2023, and after the state and county committed $227 million toward extensive renovations and annual capital and game-day expenses in 2013.įurther structural repairs and modern-day upgrades are necessary, all of which in 2014 were estimated to cost $540 million and involve renovating the entire third deck of the stadium. Bears need a new stadium, wherever it is Football or powerball? Sizing up a Bears move to Arlington Heights Bears’ threat to move to the suburbs is powerful - and familiar