The final hurdle toward the financial side of the brand new Buffalo Bills’ stadium has been cleared. On Thursday, Erie County lawmakers voted to approve the memorandum of understanding for their portion of the agreement.
In March, the NFL owners voted to approve the financing for owners Kim & Terry Pegula to move forward with their part of the agreement. That’s a $200 million loan that will be repaid through the ticket sales for away teams at the stadium over the next couple decades.
Later that month, governor Kathy Hochul announced that New York State had reached an agreement to fund $600 million of the project.