UPDATE: Read the Buffalo Bills’ new lease terms

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The state and Erie County’s costs are expected to total $226 million as part of a 10-year lease to keep the Buffalo Bills in western New York, Gannett’s Albany Bureau has learned.

The total cost is $271 million over the decade-long agreement, with the Bills picking up a total of $44 million in stadium renovations and capital costs rent, according to state officials. State officials expect the state’s contribution will total $123 million when factoring in annual payments, while Erie County will pitch in with a total of $103 million before the agreement is through.

Of the state and counties’ shares, $95 million will go toward stadium renovations, with the state picking up $54 million and the county paying $41 million.

The final lease documents are still being finalized and are subject to NFL approval. Gov. Andrew Cuomo and Buffalo Bills officials signed a memorandum of understanding containing the lease terms today. The final lease document is expected to include a payment schedule laying out the total costs.

The Bills did not pay any renovation or rent in the current lease, which was agreed to under then-Gov. George Pataki in 1998 and expires July 31.

The state and county’s capital costs and game-day expenses in the new agreement are the same as the current lease, adjusted for inflation, according to the deal.

UPDATE: Here’s a copy of the MOU:

Bills MOU

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6 Comments

  1. I dont want $123 million of my NYS taxes going to billionaire football team owners !

    Cuomo closed mental health facilities, stole workers pensions, gave workers forlough days unpaid, and said we have no funds and now he gifts billionaires $123 of our tax money. Cuomo is an arrogant politican.

  2. I think ugly loud mouth conservatives dont post much when they are not at their company or county office building (County Exec Office in Westchester) computer.

    They are too cheap to have their own computer and their own internet at home.

  3. The only things Upstate has left is heavy snow, disenchantment, and the Bills. Cuomo couldn’t, and cant, do anything about the first two.

  4. Hmm is anyone else having problems with the images on this blog loading?
    I’m trying to find out if its a problem on my end or if it’s the blog.
    Any responses would be greatly appreciated.