NFL’s ‘Bills Mafia’ Tapped to Finance New Stadium With Muni Debt.

Buffalo Bills’ most committed fans, known as Bills Mafia, are known for lending a hand to the team, having cleared snow from the NFL franchise’s stadium for a playoff game earlier this year. Now, these enthusiasts are being offered the chance to finance the team’s new $1.7 billion stadium.

The Erie County Comptroller’s Office plans to open a retail order period on Sept. 23 for individual investors and Buffalo Bills fans to buy a piece of a $110 million municipal bond sale, a day before the debt will be available to institutional investors.

The bonds will help fund the county’s pledged contribution of $250 million toward the construction of a new stadium for the Bills. The county will split its obligation between cash and proceeds raised from the upcoming bond sale.

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Bloomberg Markets

By Maxwell Adler

August 29, 2024



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