Mar 28
2022
Taxpayer hit on Bills stadium tops $1 billion
The fear: A new Bills stadium would cost taxpayers $1 billion. The reality: It’s going to cost even more. The deal announced Monday commits the state to spending $600 million upfront to help cover construction costs. Erie County would put up an additional $250 million. But the subsidies don’t stop there. The state is also on the hook for $100 million over 15 years to cover stadium maintenance and repairs. The county and the state authority created to oversee the stadium would be obligated to kick in $180 million over the 30-year lease for capital improvements. Most, if not all of[...]