Bills' new stadium costs balloon to $2.1 billion, $560 million over initial estimate, team tells AP
The projected cost of the Buffalo Bills' new stadium has ballooned to what team officials told The Associated Press is “north of $2_1 billion.”
ORCHARD PARK, N.Y. (AP) — The projected cost of the Buffalo Bills' new stadium has ballooned to what team officials on Friday told The Associated Press is “north of $2.1 billion,” with owners Terry and Kim Pegula responsible for picking up the more than $560 million in overruns.
Bills president Pete Guelli said he was not surprised by the amount, given how the numbers have been tracking up since construction began 16 months ago. And he said the projected total represents the commitment the Pegulas have to the community because they are sticking to their vision for the facility without cutting corners to reduce costs.
“To sum that up, the Pegulas will not deviate from building a best-in-class stadium in Buffalo,” Guelli said.
“It’s going to be an exceptional fan experience, and incredible place to play. I think we’re very proud that we can build a facility like this in Buffalo and have it available to our fans,” he added. “We need this project to be a success for the team on and off the field, and it will be.”
