New York taxpayers would be on the hook for $850 million in construction costs for a new Buffalo Bills stadium under a deal announced by Governor Hochul on Monday, which would make it the largest direct public subsidy for a NFL stadium in history.
Buffalo Bills fans celebrate a touchdown in the third quarter of a game against the Carolina Panthers at Highmark Stadium on Dec. 19, 2021 in Orchard Park.Buffalo Bills fans celebrate a touchdown in the third quarter of a game against the Carolina Panthers at Highmark Stadium on Dec. 19, 2021 in Orchard Park.Taxpayers would be on the hook for $850 million in construction costs for a new Buffalo Bills stadium under a deal announced by New York Gov.
Under the deal, New York state would pick up $600 million of construction costs, with Erie County kicking in $250 million. The Bills, which are owned by the billionaire Pegula family, and the NFL would pick up the final $550 million and sign a 30-year lease to use the stadium, according to Hochul’s office.
The costs wouldn’t be limited to construction, however. If approved, the state and county would also chip in about $400 million total for maintenance, repair and capital improvements over the length of the agreement, paid out in annual installments and pushing the total public subsidies past $1.2 billion over three decades.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gov. Hochul backs $850 million in taxpayer funds for new Buffalo Bills stadiumNew York taxpayers will be asked to commit $850 million in public funds toward construction of a new Buffalo Bills stadium.
Baca lebih lajut »
New York taxpayers to pick up $850M tab on new Buffalo Bills stadium, AP reportsState and county taxpayers will be asked to commit $850 million in public funds toward the construction of the Buffalo Bills’ new stadium, the Associated Press reports.
Baca lebih lajut »
Gov. Hochul backs $850 million in taxpayer funds for new Buffalo Bills stadiumNew York taxpayers will be asked to commit $850 million in public funds toward construction of a new Buffalo Bills stadium.
Baca lebih lajut »
NFL Owners Approve Financing on $1.4 Billion Stadium for BillsThe NFL approved financing on a $1.4 billion stadium that will keep the Bills in Buffalo for the next 30 years
Baca lebih lajut »
Buffalo Bills, New York State Strike $1.4 Billion Stadium DealNew York officials said Monday that they would direct $850 million of public money to build a $1.4 billion stadium that will keep the National Football League’s Buffalo Bills in the state for the next 30 years
Baca lebih lajut »
LA Senator Renews Push To Make Paid Family Leave More AffordableAt least one California senator wants to increase the amount of money low-wage workers get while on family leave, so it would be 90% of their salary by 2025.
Baca lebih lajut »