The new Bills stadium, which will be located in Orchard Park, will receive $850 million in New York State and local funding.
Highmark Stadium prior to the AFC Wild Card playoff game between the New England Patriots and the Buffalo Bills on January 15, 2022 in Buffalo, New York. Photo: Timothy T Ludwig/Getty Images
The state of New York reached an agreement with Erie County and the Buffalo Bills for a $1.4 billion stadium in Orchard Park, Gov. Kathy HochulThe new stadium would receive $850 million in state and local funding under the agreement. It would be the largest-ever taxpayer contribution for a pro football facility, perThe state will contribute $600 million to the project, while Erie County will contribute $250 million, according to a statement from Hochul's office.
He added: "It was essential that we entered into an agreement that ensured the team stayed in Buffalo, but was also a fair deal for the people of Erie County and New York. That is exactly the agreement that has been reached."The Bills generate $27 million annually for the state of New York, Erie County and Buffalo, according to Hochul's statement.
Over the 30-year period that the Bills will lease the stadium, revenues are expected to grow and amount to more than $1.6 billion total. The construction of the new stadium is also expected to produce 10,000 construction jobs, which will be filled with union labor, according to the agreement.
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