• Loading stock data...
Tuesday, April 16, 2024
  • -
  • -
  • -
  • -

Bills’ New Stadium Faces Early Cost Escalation, Could Reach $1.9B

  • Forthcoming stadium hit with rapid overruns
  • Issue could create financial pressure for small-market NFL team
Buffalo Bills

Just three months into construction, the Buffalo Bills’ new stadium development is already feeling the effects of inflation.

The Bills began construction in early May on the forthcoming facility in Orchard Park, New York, but the initial $1.4 billion cost estimate for the project soon rose to $1.54 billion, is now approaching $1.7 billion, and could ultimately reach $1.9 billion, according to multiple reports

The elevating costs — pegged primary to rising labor and materials costs — will be the team’s responsibility as part of its deal with the state of New York and Erie County, wherein the team controls the stadium design and construction in return for agreeing to shoulder all cost overruns.

This type of cost escalation isn’t new to NFL stadium projects. California’s privately funded SoFi Stadium saw an initial cost projection of $2.66 billion more than double to a total cost of $5.5 billion amid numerous obstacles, including a final development during the depths of the pandemic. 

But it’s more unusual to see such significant cost overruns so early in a facility construction process. The new Bills stadium — also set to be called Highmark Stadium —  isn’t projected to open until 2026. 

Bills COO John Roth told the Associated Press that “we don’t know enough yet to confirm” the cost overruns. If solidified, the situation could elevate the Bills’ initially planned $550 million contribution to the project beyond the $850 million in public money — and create a cash crunch for the franchise. 

Even though the NFL is reaching unprecedented revenue heights, the Bills still play in one of the league’s smallest markets and are funding their contribution through the NFL’s G4 loan program and personal seat licenses.

Copy Link
Link Copied
Link Copied

What to Read

Knicks’ Resurgence Marks Peak in Dolan’s Sports Domain

The team’s on-court success is fueling a series of gains off it.

States Want Tax Reform As Ohtani’s Deal Deferrals Stir Controversy

California legislators heighten their push for new tax rules around deferred compensation.

Wrexham, Leverkusen Write Hollywood Stories

The guaranteed payoff for Wrexham is modest but still significant.
podcast thumbnail mobile
Front Office Sports Today

Inside the Most-Hyped WNBA Draft in History


Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

MLS Finally Gets Its Own Piece of the Big Apple

New York will finally gain a soccer-specific stadium with plans approved for a facility in Queens.
April 9, 2024

Coyotes’ Arena Options in Arizona Are Drying Up. Is Relocation Next?

Scottsdale’s mayor cites infrastructure and retail issues with the team’s proposed arena site.
April 11, 2024

Hello, Goodbye: Coyotes’ Future in Flux As Relocation Rumors Ramp Up

The league reportedly has developed a contingency plan to move the team to Salt Lake City.

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 9, 2024

Champions League Hosts Ramp Up Security Amid ISIS Threat

Cities are increasing police presence after social media posts.
April 5, 2024

A Wild Week in Stadium News for the Coyotes, A’s, Royals, and Chiefs

Venue-related developments take shape in Phoenix, Sacramento, and Kansas City.
April 4, 2024

A’s Leave Problems Behind in Oakland—But Questions Await in Sacramento

The MLB club will play for at least three seasons at a Triple A ballpark.
April 4, 2024

A’s Reach Deal to Leave Oakland for Sacramento After This Year

The A’s will play in a minor league park starting in 2025.