Buffalo Bills Stadium Expenses Soar, Nearing $300M, According to AP Sources
The Buffalo Bills are facing potential cost overruns of up to $300 million for their new stadium, which was initially estimated to cost $1.4 billion. The rising price tag is due to increased labor and material costs, with one line item already coming in $75 million over budget. The Bills are contractually obligated to cover any overruns beyond the agreed-upon cost. The team's newly appointed COO, John Roth, called the projections premature and speculative, stating that only a small percentage of contracts and bids have been completed. The Bills are funding their share through the NFL's G4 loan program and may need to make cost-cutting measures to the stadium's design. Additionally, the team's owners, the Pegulas, are expected to discuss renovations to their downtown arena.