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New York & Tri-State  + New York  + Finance  | 
New York Gov. Kathy Hochul proposed a $25-billion, five-year Housing Plan on Jan. 18, 2022

Buffalo Bills Set to Build Stadium as Public Funding Falls into Place  

New York Gov. Kathy Hochul has reached a deal with the state legislative leadership for a state budget that includes $600 million for a new stadium for the NFL Buffalo Bills football team, getting the deal done in the face of strong opposition, according to Bloomberg News. 

Including $250 million from Erie County, the total of public funding is the most in history for a single stadium. The Bills and the NFL will be contributing $550 million to an open-air stadium that is slated to hold 60,000 people upon completion. 

The Buffalo Bills’ billionaire owners had threatened to move the team elsewhere if they did not get a deal on a new stadium. Under the new deal, the owners agreed not to move the team for at least 30 years. 

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Gov. Hochul

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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