State 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.
New York Gov. Kathy Hochul unveiled a $216.3 billion budget proposal that would boost state school aid, provide property tax relief, and pay bonuses to health care workers.and county taxpayers will be asked to commit $850 million in public funds toward the construction of the Buffalo Bills’ new stadium, which has a state-projected price tag of $1.35 billion, a person familiar with the plan told The Associated Press on Monday.
The figure was revealed as the Bills prepared to present their stadium proposal at league owners meetings in Florida. Owners were scheduled to vote on the proposal as well as approve granting the Bills what’s called a $200 million G4 loan to go toward construction costs. Under the G4 program rules, Bills owners Terry and Kim Pegula would be required to at least match the loan.
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