U.S. Rep. Tom Suozzi discusses Bills stadium deal. A memorandum of understanding has been worked out among the team, the NFL, the state, and the county.
2 On Your Side obtained the full signed Buffalo Bills stadium agreement from Erie County through a FOIL request on Wednesday.
On Monday, the NFL owners approved financing and plans for a new stadium for the Buffalo Bills.
The $1.4 billion project will utilize $850 million from taxpayers. The Erie County Stadium Corp. will contribute $600 million toward construction, and Erie County will pay $250 million.
Under the new agreement, Erie County will not own the new stadium.
"We are getting out of the football business," said Erie County Executive Mark Poloncarz, explaining that unlike the current stadium, the new one will not be owned by the the county but instead by ECSC, with whom the Bills will sign a 30-year lease.
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U.S. Rep. Tom Suozzi discusses new Bills stadium deal
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