Investigative Post: A record subsidy for Bills stadium?
There’s never been a stadium built for a National Football League team that cost taxpayers the $1 billion being bandied about for a new home for the Buffalo Bills.
Only one stadium, built to lure the Raiders from Oakland to Las Vegas, even comes close, at $750 million. Three other stadiums built over the past decade involved taxpayer subsidies between $114 million and $498 million.
Another stadium, built in Los Angeles for the Rams and Chargers, was constructed entirely with $5 billion in private funds.
How the Bills and local and state governments split the cost of a new stadium is the subject of negotiations. The team, however, had made it clear it is looking for a major investment by taxpayers to build a stadium that would cost a minimum of $1.4 billion.
A $1 billion subsidy would dwarf what governments have spent on other NFL stadiums, said Pat Garofalo, director of state and local policy for the American Economic Liberties Project.
“This would be the largest stadium subsidy in American history,” he told Investigative Post.