BUFFALO, N.Y. (AP) – With a revised stadium feasibility study, the Buffalo Bills are preparing to open discussions with state and local governments to determine whether to renovate the current facility or build a new home near the existing suburban site or downtown. “We’re ready to have the conversation,” Pegula Sports and Entertainment executive Ron Raccuia told The Associated Press on Tuesday.
“We hope to start quickly. This is Easter, and New York State is finalizing its budget. So those are two factors,” he added. “If we have to go to Albany, or if Albany’s coming to us, or we’re going to Zoom, we’ll figure it out.” Buffalo-based PSE is the that oversees Terry and Kim Pegula’s numerous holdings, including the Bills and the NHL’s Sabres.
Raccuia spoke when the Bills unveiled their new stadium naming rights partner, regionally-basedprovider Highmark Blue Cross Blue Shield of Western New York.
The PSE-funded feasibility study wasin November 2018 and conducted by CAA ICON, a consulting firm, and Populous, an architectural firm. Completed initially more than a year ago, the findings have since been revised to consider the pandemic’s economic challenges.
Raccuia wouldn’t share details of the findings but noted the studyproposals for much-needed upgrades to the Sabres’ downtown home, KeyBank Center.
Since opening in 1996, the arena has had no significant renovations and was considered to have “fallen behind modern standards” regarding structural renovations and upgraded amenities.
However, the future of Bill’s home is expected to carry a far heftierno matter which option is best for a franchise based in one of the NFL’s smallest markets. The larger question is how the costs would be split between money.
“We have to have those conversations with the state and county first,” Raccuia said.
Terry Pegula has previously stressed that the Bills will consider how much the local economy can bear in whatever option. “We have the interest of our fans at heart, and what we do will bethe benefit of our fans,” Pegula told The AP in June 2019. A new stadium alone would cost approximately $1 billion, whether built near the existing facility in Orchard Park or at a downtown site.
Staying at the newly renamed Highmark Stadium, which opened in 1973, also wouldn’t come cheap.
A stadium site selection study conducted by AECOM Technical Services in 2014 projected it would cost $540 million for the next series of renovations, including structural improvements and rebuilding the stadium’s third deck. The study estimated what it cost theand Kansas City Chiefs to renovate their facilities over the previous decade extensively.
And that cost is onin 2014, plus the $18 million the Pegulas spent on club seat upgrades three years ago.
The Bills aren’t in jeopardy of relocating since the Pegulas purchased the franchise for a then-NFL record $1.4 billion from the estate of late Pro Football Hall of Fame owner Ralph Wilson in 2014. Though the Bills have complete operative control of the stadium and its surrounding land, the state and county play a role in holding the lease, which currently runs through the summer of 2023. If a new stadium is necessary, one likely scenario will have the Bills renew the existing lease year-to-year. As the NFL’s only New York-based franchise, the Bills in 2013 were estimated to generate $20 million annually in state taxes.
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