• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Buffalo Bills will receive $850m from New York taxpayers to build new stadium | Buffalo Bills

March 29, 2022
in Sports
0
Buffalo Bills will receive $850m from New York taxpayers to build new stadium | Buffalo Bills
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


State and county taxpayers will be asked to commit $850m in public funds toward construction of the Buffalo Bills’ new stadium which has a state-projected price tag of $1.4bn as part of a 30-year lease agreement reached on Monday.

New York state will commit $600m in funds, which will be in included in the budget due on Friday, Governor Kathy Hochul announced in a press release. Erie county will commit $250m toward the project, with the NFL and the Buffalo Bills committing $550m in financing.

The dollar amount is considered to be the largest public commitment for an NFL facility. The deal is meant to secure the NFL team’s long-term future in Buffalo, with the proposed 60,000-plus-seat facility to be built across the street from the Bills’ current stadium.

Although the taxpayer burden of 60% is considered high, the agreed upon funding falls in line historically. The state and county have shared about 73% of the cost to build, maintain and upgrade the Bills’ existing facility, now called Highmark Stadium, which opened in 1973. Under the proposed agreement, the Bills will be responsible for covering any costs that run over the budget.

“I wanted to accomplish two major goals: Keep the Bills in western New York, keep them in the state of New York because this is not just a western New York point of pride, it’s a point of pride for all New Yorkers,” Hochul, a Buffalo native herself, said during a press conference. The second goal, she said, was “making sure that it made sense for our taxpayers in terms of our commitment and our return on the investment, which will be paid off in the next 22 years.”

Without going into detail, Hochul said the project will create 10,000 union jobs with the commitment recouped by the economic activity generated by the team. The state previously projected the Bills – the only NFL team actually based in New York – generate $27m in direct annual income for the state.

The announcement came as the the Bills’ stadium proposal was approved at the NFL’s owners meetings in Florida. Owners also approved granting the Bills what’s called a $200m G4 loan to go toward construction costs. Under the G4 program rules, Bills owners Terry and Kim Pegula are required to at least match the loan.

The NFL’s $200m contribution was already factored in as part of the funding package.

The Bills are expected to recoup part of their cost of construction by having season-ticket holders for the first time pay one-time seat-licensing charges, potentially doubling the price of their ticket package.

Hochul did not include the stadium commitment in the $216bn budget proposal submitted in January, but it will be added this week. Hochul said there are numerous options at her disposal to draw upon the necessary money to fund the project.

<gu-island name="GuideAtomWrapper" deferuntil="visible" props="{"id":"92b5328c-eb99-40e6-a81c-b266abd34d3f","title":"NFL forms outside advisory panel on diversity practices","html":"

The NFL has created a new, six-person advisory panel to review diversity policies amid long-standing criticism over a lack of diversity in coaching and front office personnel roles, it said on Monday.

The NFL Diversity Advisory Committee will provide an “expert, external perspective” on issues ranging from club diversity, equity and inclusion, the league said.

“We’ve worked for years and made progress in many areas to ensure that staff and leaders in our office and at our clubs reflect the racial and gender make up of America, but we have more work to do,” Commissioner Roger Goodell [pictured] said in a statement. “This esteemed group’s work will help us build a more inclusive league.”

Last month, recently fired Miami Dolphins head coach Brian Flores filed a lawsuit accusing the NFL and its 32 teams of discriminating against black candidates for coaching and management jobs.

Eight head coaching positions were filled this year, with Mike McDaniel and Lovie Smith being the only diverse candidates hired. In 2021 just one of the league’s vacant head coaching positions went to a minority candidate, Robert Saleh.

The panel, which was announced during the league’s annual meeting, includes former Houston Texans General Manager Rick Smith,  former New Jersey Attorney General Peter Harvey, former President and CEO of the McDonald’s Corporation Don Thompson plus other figures from the world of business and academia. Reuters

“,”image”:”https://i.guim.co.uk/img/media/675b3d22d488f3b5afb7ceadffabb31438bae144/508_0_3148_3148/3148.jpg?width=620&quality=85&auto=format&fit=max&s=3c8168def2060562e0af6be5b5c0629a”,”credit”:”Photograph: Morry Gash/AP”,”pillar”:2}”>

Quick Guide

NFL forms outside advisory panel on diversity practices

Show

The NFL has created a new, six-person advisory panel to review diversity policies amid long-standing criticism over a lack of diversity in coaching and front office personnel roles, it said on Monday.

The NFL Diversity Advisory Committee will provide an “expert, external perspective” on issues ranging from club diversity, equity and inclusion, the league said.

“We’ve worked for years and made progress in many areas to ensure that staff and leaders in our office and at our clubs reflect the racial and gender make up of America, but we have more work to do,” Commissioner Roger Goodell [pictured] said in a statement. “This esteemed group’s work will help us build a more inclusive league.”

Last month, recently fired Miami Dolphins head coach Brian Flores filed a lawsuit accusing the NFL and its 32 teams of discriminating against black candidates for coaching and management jobs.

Eight head coaching positions were filled this year, with Mike McDaniel and Lovie Smith being the only diverse candidates hired. In 2021 just one of the league’s vacant head coaching positions went to a minority candidate, Robert Saleh.

The panel, which was announced during the league’s annual meeting, includes former Houston Texans General Manager Rick Smith,  former New Jersey Attorney General Peter Harvey, former President and CEO of the McDonald’s Corporation Don Thompson plus other figures from the world of business and academia. Reuters

Photograph: Morry Gash/AP

Thank you for your feedback.

The Buffalo News previously reported the largest commitment of taxpayer funds for an NFL stadium involved the Las Vegas Raiders, with $750m of public funds directed toward constructing the $1.97bn Allegiant Stadium, which opened in 2020.

There have been, however, higher splits of public-private funds for NFL facilities, the newspaper found. Taxpayers covered 86% of the $720m cost to build the Indianapolis Colts’ Lucas Oil Stadium, which opened in 2008. The public commitment for the Cincinnati Bengals’ Paul Brown Stadium, which opened in 2000, covered $425m of the $450m construction costs.

The Bills’ existing facility was deemed too expensive to renovate. A state study in November pegged renovation costs at $862m.

The Bills project the new facility could be built in time for the start of the 2026 season. The Bills’ existing lease with the state and county runs through July 2023.

As part of the new agreement, the state will take over as the sole lease-holder of the stadium after previously sharing that role with the county.

In anticipation of the agreement, the Bills already hired the architectural firm Populous to begin rendering plans and designs, which are expected to be completed by fall. Although the stadium will not feature a roof, the Bills plan to have 80% of seating protected from the elements.



Source link

Previous Post

Will Smith insists ‘violence is poisonous’ as he issues public apology to Chris Rock

Next Post

Jessie Buckley To Star In The Dark Pictures Anthology: The Devil In Me

Related Posts

AC Milan on the verge of history after 11-year wait for Serie A title
Sports

AC Milan on the verge of history after 11-year wait for Serie A title

One game away - that’s...

Read more
Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado
Sports

Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado

CHRIS Watts' family home, where...

Read more
Winners crowned as tournament in memory of Willie Duncan trophy kicks-off
Sports

Winners crowned as tournament in memory of Willie Duncan trophy kicks-off

THE very first Willie Duncan...

Read more
Beith Juniors: Chris Strain appointed manager
Sports

Beith Juniors: Chris Strain appointed manager

Almost exactly a month after...

Read more
Malika Andrews to Host ESPN’s Coverage of 2022 NBA Draft
Sports

Malika Andrews to Host ESPN’s Coverage of 2022 NBA Draft

ESPN announced Wednesday that NBA...

Read more
Load More
Next Post
Jessie Buckley To Star In The Dark Pictures Anthology: The Devil In Me

Jessie Buckley To Star In The Dark Pictures Anthology: The Devil In Me

  • Trending
  • Comments
  • Latest
Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado

Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado

Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

Massachusetts officials confirm first human case of monkeypox

Massachusetts officials confirm first human case of monkeypox

Mom says smoking weed while watching her kids is no different than drinking wine

Mom says smoking weed while watching her kids is no different than drinking wine

Reuters reveals Canada in talks with Repsol, Pieridae Energy about LNG export terminals

Reuters reveals Canada in talks with Repsol, Pieridae Energy about LNG export terminals

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

Massachusetts officials confirm first human case of monkeypox

Massachusetts officials confirm first human case of monkeypox

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

CDC Says Adults 50 and Over Should Get Second Booster Shot – The New York Times

Massachusetts officials confirm first human case of monkeypox

Massachusetts officials confirm first human case of monkeypox

Mom says smoking weed while watching her kids is no different than drinking wine

Mom says smoking weed while watching her kids is no different than drinking wine

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....