BUFFALO, NEW YORK (AP) – With a review of the stadium’s revised feasibility study, Buffalo Bills are set to begin discussions with state and local governments to decide whether to renovate an existing facility or build a new home near an existing suburb or city. : ,
“We are ready to talk,” Ron Rakquia, executive vice president of Pegula Sports and Entertainment, told the Associated Press by telephone on Tuesday.
“We hope to start soon. Obviously this is Easter’s week,, New York State is finishing its budget. So, these are two factors, “he added. “If we have to go to Albany, or if Albany comes to us, or we will raise him, we will know.”
The Buffalo-based PSE is an umbrella company that controls a number of shares in Terry և Kim Pegula, including Bills և NHL Sabers.
Raccuia spoke on the day the Bills opened their new stadium, calling it their legal partner, regional health insurance provider, Highmark Blue Cross Blue Shield, West New York.
The PSE-funded feasibility study was initially launched in November 2018 and was conducted by CAA ICON Consulting ճ Populous Architecture Company. Originally completed more than a year ago, the results have been revised to address the economic challenges posed by the coronavirus epidemic.
Raccuia did not share details of the findings, but said the study also included suggestions for upgrading the house in the center of Saber to the KeyBank Center.
Since its opening in 1996, the arena has not undergone major renovations, it was considered to be “lagging behind modern standards” when it comes to structural renovations and renovated facilities.
However, the future of the Bills home is expected to come at a much higher price, regardless of which option is best for a franchise located in one of the smallest markets in the NFL. The bigger question is how the costs will be divided between public “private money”.
“First of all, we need to have those talks with the state and the region,” Rakuya said.
Terry Pegula has previously stressed that the bills will take into account how much the local economy can withstand any choice.
“We are deeply interested in our fans, and what we do will be greatly appreciated, no matter what the program is, for the benefit of our fans,” Pegula told the AP in June 2019.
The new stadium alone will cost about $ 1 billion, whether built near an existing Orchard Park facility or downtown.
Staying at the newly renamed Haymark Stadium, which opened in 1973, will not be expensive either.
A 2014 site selection study conducted by AECOM Technical Enforcement Services estimated that it would cost $ 540 million for the next series of renovations, including structural improvements and the reconstruction of the stadium’s third deck.
The study was based on its estimates of what it cost the Green Packers ավար Kansas City’s residents to renovate their facilities extensively over the past decade.
And that costs more than the $ 130 million renovation that took place in 2014, plus the $ 18 million that Pegulas spent on upgrading the club’s seats three years ago.
Although the bills fully control the stadium և adjacent area, the state և county play a role in enforcing the lease, which is currently in place until the summer of 2023.
The bills are not in danger of being relocated as Pegulas bought the franchise for the then-record NFL $ 1.4 billion held in 2014 by Pro Football Hall of Rame of Famous Ralph Wilson. In all likelihood, the bills will restore the existing lease. from year to year if it is decided that a new stadium is needed.
As the only NFL franchise in New York, 2013 was estimated at $ 20 million a year in state taxes.
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