New York enters P3 for $1.4B football stadium in Buffalo
New York – Gov. Kathy Hochul announced a joint public-private partnership (P3) between New York State, Erie County, and the NFL’s Buffalo Bills for a $1.4 billion new stadium in Orchard Park.
Buffalo Bills stadium rendering
Hochul’s negotiations secured a 30-year commitment for the Bills to remain in the Buffalo suburb, and a combined $550 million from the NFL and Bills approved by the NFL owners.
She will advance a $600 million proposal in the state budget, and Erie County will contribute $250 million. The economic and tax impacts generated from the team will support more than 100 percent of the public share of the new stadium cost.
The 30-year agreement details the construction of a new stadium with a minimum of 60,000 seats in Orchard Park. The Bills will negotiate a project labor agreement with the Building and Construction Trades Council of Buffalo, New York and Vicinity, AFL-CIO, on behalf of its affiliated local unions. The deal requires the Bills to agree to a Community Benefits Agreement, which is to be negotiated.
Erie County will transfer ownership of the current stadium and adjoining complex, which includes practice facilities and office space, to the state. The state will own the new stadium and adjoining complex, which will be leased to the Bills.
The new stadium is expected to be ready for the Bills home opener in 2026.