• Loading stock data...
Thursday, December 12, 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

Speaker of the House Mike Johnson responds to reporters questions while departing a press conference at the U.S. Capitol in Washington, D.C. on Tuesday, Sept. 24, 2024.

RFK Stadium Bill Making Quiet Progress in Congress

It gives D.C. control of the 174 acres underneath the old stadium.

YouTube TV Jacks Up Prices Again Before NFL Playoffs

The Google product has more than doubled in price over seven years.
Nov 17, 2024; Chicago, Illinois, USA; Former quarterback and current NFL announcer Tom Brady looks on before the game between the Chicago Bears and Green Bay Packers at Soldier Field.

Tom Brady to Have ‘Huge’ Impact on Raiders, Says Mark Davis

“His role is undefined right now,” Davis said of Brady.

Bill Belichick to Take College Plunge at North Carolina

UNC made the official announcement late Wednesday.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Nov 3, 2024; Harrison, New Jersey, USA; New York Red Bulls midfielder Lewis Morgan (9) heads a ball during the first half against the Columbus Crew in a 2024 MLS Cup Playoffs Round One match at Red Bull Arena.

MLS Team to Play in ‘Sports Illustrated Stadium’ in $100M Naming Deal

It’s a partnership with a sister ticketing platform company, not the magazine.
Dec 7, 2024; Washington, District of Columbia, USA; Washington Wizards guard Jordan Poole (13) reacts after the final horn against the Denver Nuggets at Capital One Arena.
December 10, 2024

Capitals, Wizards Owner Monumental Aims to Drive ‘Downtown D.C.’s Comeback’

Monumental Sports, which owns the Wizards, is ready to anchor a D.C. comeback.
December 10, 2024

Manfred Reinforces MLB Interest in Tampa Remaining Rays Home

The commissioner meets with state and county officials to support the Rays.
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.
December 6, 2024

Las Vegas Doubles Down on Sports With $1.75B Ballpark and NBA Arena

Ballpark and arena projects in the booming sports market receive key approvals.
December 5, 2024

Rays Reversal: St. Pete Approves $287M Stadium Bond Package

The approval gives the embattled project a big dose of resurgent energy.
Jan 3, 2018; Philadelphia, PA, USA; General view as Philadelphia 76ers center Joel Embiid (21) runs across the center court logo during the third quarter against the San Antonio Spurs at Wells Fargo Center.
December 4, 2024

76ers Sweeten Arena Deal, Offer More Benefits Despite Fierce Opposition

The NBA team shows an openness to revising a key arena agreement.
December 3, 2024

A’s Vegas Ballpark Cost Rises to $1.75B, but John Fisher Can Afford..

Additional amenities and rising construction costs create a new price tag.