• Loading stock data...
Saturday, November 23, 2024

New York Using Casino Revenue To Help Fund Bills Stadium

Buffalo-Bills-Seneca-Nation
Rich Barnes-USA TODAY Sports/Design: Alex Brooks

On Monday, New York Gov. Kathy Hochul announced the state would contribute about $600 million to the Buffalo Bills’ $1.4 billion stadium project. 

A day later, Hochul clarified where a lion’s share of that cash would come from: the Seneca Nation of Indians.

  • The Seneca Nation made a “long-delayed” payment of $564.8 million in casino revenue to resolve a legal dispute. 
  • Hochul said $418 million worth of that money will go directly toward the Bills’ stadium.
  • Now, taxpayers will be responsible for about $172 million, Hochul said.

In a statement, Seneca Nation President Matthew Pagels called the decision “hostile and shameless greed. … The Governor’s new stadium won’t be a product of progress. It will be a monument to Albany’s vindictive desire to punish the Seneca people.”

Outside contributions won’t stop there, however.

As part of the deal, Erie County is contributing $250 million, and on Monday, the NFL  announced it had approved a $200 million loan to help with construction. Bills owners are required to match that amount and pay for any cost overruns.

Stadium Specifics

The stadium will be built next to the team’s current one in Orchard Park. The plan is for an open-air venue that seats 62,000 fans. 

Construction is expected to finish in time for the 2026 season.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.

Deion Sanders Downplays NFL Smoke As Former Cowboys Lobby for Him

The Colorado coach says “I’ve got a kickstand down” in Boulder.
podcast thumbnail mobile
Front Office Sports Today

What’s Next for Hapless Jets?

0:00

Featured Today

Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.
Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.
November 21, 2024

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.
November 19, 2024

Royals Ballpark Plans Expand to Kansas Amid Unsettled TV Future

Deals could be struck in the coming weeks on both the club’s local media rights and a future stadium.
Tampa Bay Rays
November 19, 2024

Rays Tampa Future in Doubt as County Commission Delays Bond Vote

The planned $1.3 billion ballpark now falls into further question.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 19, 2024

RFK Stadium Bill Advances Out of Senate Committee

Maryland, Virginia, and D.C. are potential future homes for the Commanders.
Roof of AT&T Stadium
November 19, 2024

Even the Cowboys’ Stadium Is Falling Apart

“The wind got in there and exacerbated the looseness,” Jerry Jones said.
Damage from Hurricane Milton to Tropicana Field
November 18, 2024

Rays’ $1.3B Ballpark Hangs in the Balance During County Bond Vote

Another county delay in issuing bonds for stadium construction could reopen relocation questions.
November 14, 2024

Rays to Call Yankee Territory ‘Home’ for 2025 Due to Tropicana Repairs

Extensive damage from Hurricane Milton to Tropicana Field forces the unusual solution.