The bulk of the public funding is expected to come from the state, and the remainder from the county, which will own the stadium and act as its landlord, mirroring the arrangement in place for half a century.
The Pegulas and NFL, through the G-4 program, are expected to pick up the remainder of the costs.
The NFL’s G-4 program, in place since 2011, and its predecessor, G-3, which was established in 1999, are named after the sections where they appear in the league’s Collective Bargaining Agreement with the NFL Players’ Association, last ratified in 2020.
Hochul essentially confirmed that the negotiations are on track, and that she has nothing to announce – yet.
“It’s become pretty much a standard component of the financing structure of every stadium deal,” Pittsburgh Steelers owner Art Rooney II, a member and former chairman of the league’s stadium committee, told The News.
The details of the G-4 program are complicated, and every agreement is unique, based on the project.
• The Pegulas are eligible to apply for up to a $200 million loan from the league to help cover construction costs.
• The first $150 million of the NFL’s loan is repaid over 25 years through the visiting team’s share of Bills ticket revenue, NFL spokesman Brian McCarthy confirmed in an email exchange with The News. This amounts to approximately 33% of home ticket sales.
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