Home » New Highmark Stadium Project a heavy burden on taxpayers

New Highmark Stadium Project a heavy burden on taxpayers that keeps rising

Home » New Highmark Stadium Project a heavy burden on taxpayers

The construction of the new Highmark Stadium in Orchard Park, New York, is not only one of the most significant infrastructure projects in Buffalo’s recent history but also one of the most financially scrutinized. Originally estimated at $1.4 billion, the cost of the stadium has escalated to $2.2 billion due to rising labor and material costs having first reported a $300 million overrun way back in August 2023. The final bill is likely to increase by the time of completion and will be covered by the Buffalo Bills’ ownership, as stipulated in the funding agreement.

Lets take a look at the milestones so far covered by this project.


10 Key Milestones of the New Highmark Stadium

  1. 2014 – Formation of a state, county, and team working group to assess stadium feasibility.

  2. 2015–2018 – Pegulas explore long-term stadium plans, hire consultants, and begin focus groups.

  3. June 2021 – Legends Global Planning hired to oversee stadium design and premium sales strategy.

  4. August 2021 – Bills propose a $1.4B publicly funded stadium; relocation threats surface.

  5. March 28, 2022 – Funding deal finalized; a $1.4B, 63,000-seat stadium agreed upon with 30-year lease.

  6. June 5, 2023 – Groundbreaking ceremony held; excavation and foundation work begin.

  7. March 2024 – Structural work advances; steel framing and concrete pouring underway.

  8. August 2024 – Stadium structure visibly rises above ground level.

  9. April 4, 2025 – Topping out ceremony held as final steel beam is installed.

  10. 2026 Season – Scheduled opening as the new home of the Buffalo Bills.

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New Highmark Stadium Factsheet

Did you now that the stadium is modeled after the Tottenham Hotspar Stadium on London? Here are a number of other facts you may not have know about

Feature Details
Location Orchard Park, New York
Capacity 62,000 seated + 5,000 standing room
Estimated Cost $1.7 billion (initially $1.4 billion)
Public Funding $850 million (NY State: $600M, Erie County: $250M)
Private Contribution $550 million (Bills: $350M, NFL G-4 Loan: $200M)
Owner State of New York
Designer Populous
Groundbreaking Date June 5, 2023
Expected Completion Prior to 2026 NFL season
Roof Open-air; 65% of seats covered from weather
Notable Design Reference Modeled after Tottenham Hotspur Stadium, London
Naming Rights Highmark Blue Cross Blue Shield
Colloquial Name “The Pit”

 

Despite the financial burden and public debate over the high taxpayer contribution—the largest ever for an NFL facility—the project to its credit remains on schedule to open in 2026, promising a modernized home for the Buffalo Bills and a transformative presence in Western New York.

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