Report: Bills new stadium cost over-runs approaching $300M over budget MORE:
Bills stadium rendering - Buffalo Bills on TwitterORCHARD PARK, N.Y. — Three months since construction began on their new stadium, the Buffalo Bills are already facing a potential cash crunch with the latest projections having the team on the hook for as much as $300 million in cost overruns, four people with direct knowledge or who were briefed on the financial details told The Associated Press this week.
Increased labor and material costs were cited for the increased price, with one person saying one line item has already come in at $75 million over budget. Another person said a delay in sending out bids also had an effect in upping the cost. The Bills agreed to cover the cost overruns in exchange for having full control over the stadium’s design and construction.
It’s unclear how the Bills would make up the difference, and what cost-cutting measures they can make to the design of a 60,000-plus seat facility being built across from their current home in Orchard Park, New York.
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