The cost of new stadiums keeps going up. The value of NFL franchises keeps going up. The end result is more borrowing by NFL teams that are building new stadiums.
Via Ben Fischer of Sports Business Journal, the NFL’s owners approved a pair of debt moves this week.
First, the Bills got a $650 million debt waiver. The Bills needed the dispensation because they’re responsible for the overages on the $1.4 billion stadium. The current cost of the new Highmark Stadium has reached $2.2 billion.
The Titans separately received approval for an extra $100 million in debt for their new stadium.