- Erie County, New York, is selling $110 million of bonds
- The new Bills stadium is expected to open for the 2026 season
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.
Bloomberg Markets
By Maxwell Adler
August 29, 2024