Three months since construction began on their new stadium, the BuffaloBills are already facing a potential cash crunch with latest projections having the team on the hook for as much as $300 million in cost over-runs.
ORCHARD PARK, N.Y. – Three months since construction began on their new stadium, the Buffalo Bills are already facing a potential cash crunch with latest projections having the team on the hook for as much as $300 million in cost over-runs, four people with direct knowledge or briefed on the financial details told The Associated Press this week.
Increased labor and material costs were cited as boosting the price, with one person saying one line item has already come in at $75 million over budget. Another person said a delay in sending out bids also had an effect in upping the cost. “We don’t know enough yet to confirm this,” Roth told The AP on Wednesday, noting only a small percentage of the contracts and bids have been completed.
The Bills agreed to covering the cost over-runs in exchange for having full control over the stadium’s design and construction. It’s unclear how the Bills would make up the difference, and what cost-cutting measures they can make to the design of a 60,000-plus seat facility being built across from their current home in Orchard Park, New York.
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Report: Buffalo Bills new stadium cost over-runs approaching $300M over budget | TSNhree months since construction began on their new stadium, the Buffalo Bills are already facing a potential cash crunch with latest projections having the team on the hook for as much as $300 million in cost over-runs, four people with direct knowledge or briefed on the financial details told The Associated Press this week.
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