New stadium cost goes up from $1.4 billion to $1.54 billion.

[Sherlock Holmes]

2 hours ago, JJGauna said:

But how will this affect the renderings?

WE REQUIRE NEW RENDERINGS!!!!

2 hours ago, HOUSE said:

We need a smaller visitors locker room with 2 light bulbs. 

Oh, now you wanna splurge...

[BobbyC81]

2 hours ago, HOUSE said:

We need a smaller visitors locker room with 2 light bulbs. 

And a separate circa 1950s heating system.

[JoPoy88]

1 hour ago, Pine Barrens Mafia said:

Gotta love new York state 

"Inflation"

 

More like some crooks in smallbany needed their pockets lined 

Every single time they build one of these things, no matter when or where, the actual costs are higher than the original estimates. SoFi cost billions more than originally projected.

 

I’m not saying NYS isn’t corrupt, but this isn’t a particularly good example of it. 
 

And why is inflation in quotes? Do you believe it actually doesn’t exist?

[Southern_Bills]

1 hour ago, SydneyBillsFan said:

 

How about hybrid toilet/showers and wash basins/urinals as well?

 

Yes, that is known as a rise and fall clause - although it never falls in my experience.

 

Not lately. 

[mrags]

2 hours ago, Herb Nightly said:

Go look at the drawings and see if you can comprehend 

The drawings that many of us have argued about over and over and many have stated that it doesn’t look like it covers much. Those drawings? Ok

[Wacka]

And ONLY cold water.

 

[MJS]

43 minutes ago, Wacka said:

And ONLY cold water.

Nah, they can bring their own water.

[SoCal Deek]

Here’s how it typically works. Just prior to groundbreaking the Contractor is required to submit their final GMP (guaranteed maximum price) based on the nearly permitted architecture/engineering drawings. That GMP normally includes a contingency factor for limited changes and unforeseen conditions. It is not subject to market prices however. Those prices are a risk the Contractor assumes at the start of construction barring something like a war, or other world event. 

[Just Jack]

1 hour ago, MJS said:

Nah, they can bring their own water.

 

Are there any water wells in Love Canal not being used?  They could pipe some of that to the stadium for the visitors. 

[Sammy Watkins' Rib]

5 hours ago, JJGauna said:

But how will this affect the renderings?

those three Buffalo’s will be about 8 feet tall instead of 50 

[Fleezoid]

So the renderings were a lie! How can they lie about renderings? Oh God!!!!!!

 

Edited April 8, 2023 by Fleezoid

[Just Jack]

4 hours ago, PrimeTime101 said:

angle the stadium properly so just the visiting side gets the most snow. 

 

Or make the canopy a metal roof...

 

 

[Fleezoid]

23 minutes ago, Just Jack said:

 

Or make the canopy a metal roof...

 

 

 

Response training for the new canopy.

 

 

Edited April 8, 2023 by Fleezoid

[Augie]

1 hour ago, SoCal Deek said:

Here’s how it typically works. Just prior to groundbreaking the Contractor is required to submit their final GMP (guaranteed maximum price) based on the nearly permitted architecture/engineering drawings. That GMP normally includes a contingency factor for limited changes and unforeseen conditions. It is not subject to market prices however. Those prices are a risk the Contractor assumes at the start of construction barring something like a war, or other world event. 

 

So, for example, Hammer's Lot suddenly allowing dizzy bat might fly under the radar? 

[Einstein]

6 hours ago, cba fan said:

Now reported the deal is for $1.54 billion and Pegs is responsible for the $140 million additional cost from the original of $1.4 billion.

 

so we have cost overrun before one shovel is in the ground yet. lol. Considering the long construction timeframe, the volitivity of steel and supplies prices, some add ons these projects always get, and some inevitable construction cost surprises, you can bet this will approach 2 billion when done. 

Pegs is responsible for all cost overruns. 

 

I was widely criticized for harping on Pegs would end up paying over 50%, however, that is on track as we speak.

NY state     600 mill

Pegs/NFL   550 mill(250 mill is from NFL program Bills pd into for decades and will pay in for eternity. So is Pegs contribution. Bills actually eventually will pay

                                  more into this then they get out of it until next new stadium is built in Buffalo)

Erie Co.      250 mill

Pegs             50 mill for Highmark demo.

cost o-run  140 million Pegs cost.

 

so Pegs is paying $740 mill already. Almost 50% already.

 

We have already been over this, and NO, Pegula will not come close to 50% of the stadium costs.

 

He will be closer to 20%.

 

A massive portion of the $550M is coming from PSL’s (not Pegula’s money) and the G4 loan that is tied to the VISITORS cut of the ticket sales (again, not Pegula’s money).

 

So essentially, the taxpayers are paying for the taxpayer funded part. And the fans are paying for most of the Pegula portion.

 

From the Buffalo news article on it:

 

 

https://buffalonews.com/business/local/explainer-how-the-pegulas-will-leverage-seat-licenses-to-pay-a-big-part-of-the/article_a96b0e12-02de-11ed-8398-67952b630e33.html

Edited April 8, 2023 by Einstein

[Buffalo_Stampede]

If I’m renting my seat I’m moving in. 

[Buffalo Super Fan]

Read the above Einstein poster I couldn’t have said it better myself. It is 100 percent accurate. Some like myself questioning PSE Terry Pegula doesn’t mean someone is a fraud or isn’t a Buffalo Bills fan. For the Bills fans saying Terry Pegula is the Buffalo Bills savior. The Buffalo Bills fans and the State of New York saved the Buffalo Bills. Look at Terry Pegula as a middle man raking in all the profits and watching his franchise climbing in value. While putting the original franchise money up he got that back with this stadium deal and his franchise rising in value because it’s one of the 32 NFL franchises of the NFL. 
 

Someone would have bought the Buffalo Bills and kept them here in Buffalo including Bon Jovi. With that much upfront public money Bon Jovi isn’t getting that in Toronto a free new stadium so the Buffalo Bills would have stayed in Buffalo regardless if Terry Pegula bid or not. I am a Buffalo Bills fan not a NFL greedy owners fan. Just like I am a Buffalo Sabres fan not a Jack Eichel fan. Owners, GM’s, coaches, players come and go it’s all the way it is. BSF has seen a lot as Buffalo sports fan for over five decades living in Buffalo. I am loyal to the Buffalo Bills laundry that is it if the Buffalo Bills can win a Super Bowl championship for Buffalo guaranteed next year if they moved Josh Allen goodbye Josh Allen. Don’t tell me that is awful the goal is to win a Super Bowl for Buffalo and I am not 25 years old anymore. I am 55 years old seen, heard and lived through all the Buffalo teams shoulda, woulda, coulda be quite and win a Super Bowl Championship for Buffalo Bills fans you bums in my opinion. Go Bills! Let’s Go Buffalo 

Edited April 8, 2023 by Buffalo Super Fan

[papazoid]

it'll be $2 billion before they're done

[Buffalo_Stampede]

19 minutes ago, papazoid said:

it'll be $2 billion before they're done

Once they fill in the hole in the roof.

[JoPoy88]

1 hour ago, Buffalo Super Fan said:

Read the above Einstein poster I couldn’t have said it better myself. It is 100 percent accurate. Some like myself questioning PSE Terry Pegula doesn’t mean someone is a fraud or isn’t a Buffalo Bills fan. For the Bills fans saying Terry Pegula is the Buffalo Bills savior. The Buffalo Bills fans and the State of New York saved the Buffalo Bills. Look at Terry Pegula as a middle man raking in all the profits and watching his franchise climbing in value. While putting the original franchise money up he got that back with this stadium deal and his franchise rising in value because it’s one of the 32 NFL franchises of the NFL. 
 

Someone would have bought the Buffalo Bills and kept them here in Buffalo including Bon Jovi. With that much upfront public money Bon Jovi isn’t getting that in Toronto a free new stadium so the Buffalo Bills would have stayed in Buffalo regardless if Terry Pegula bid or not. I am a Buffalo Bills fan not a NFL greedy owners fan. Just like I am a Buffalo Sabres fan not a Jack Eichel fan. Owners, GM’s, coaches, players come and go it’s all the way it is. BSF has seen a lot as Buffalo sports fan for over five decades living in Buffalo. I am loyal to the Buffalo Bills laundry that is it if the Buffalo Bills can win a Super Bowl championship for Buffalo guaranteed next year if they moved Josh Allen goodbye Josh Allen. Don’t tell me that is awful the goal is to win a Super Bowl for Buffalo and I am not 25 years old anymore. I am 55 years old seen, heard and lived through all the Buffalo teams shoulda, woulda, coulda be quite and win a Super Bowl Championship for Buffalo Bills fans you bums in my opinion. Go Bills! Let’s Go Buffalo 

Lol yeah. So the guy that owns the team is the “middle man.” 
 

starting to think this is an @Einstein burner. 

[JoPoy88]

2 hours ago, Buffalo Super Fan said:

 

Someone would have bought the Buffalo Bills and kept them here in Buffalo including Bon Jovi. 

This is demonstrably false. 55 years old and you’re here posting blatant lies and can’t construct a single coherent sentence, let alone paragraph. 
 

seriously what is going on.

 

By the way if you were curious as to Bon Jovi’s partners in the Bills’ bid were:

 

Larry Tenanbaum (Maple Leaf Sports and Entertainment); and

 

Edward Rogers (Rogers Communications).

 

Now there’s something about them two guys that I just can’t place, something similar…🤔🤔🤔

 

Edited April 8, 2023 by JoPoy88

[stevewin]

4 hours ago, Sammy Watkins' Rib said:

those three Buffalo’s will be about 8 feet tall instead of 50 

[clearwater cadet]

oh forgot it,, I don't want it anymore the old one is still good.

[eball]

But if only they would have built it downtown…..

 

 

 

 

 

 

 

 

[albanyfan]

13 hours ago, Augie said:

 

PLUS, the county will get all THEIR money back from DUI fines! Win/win! And it will feed the lawyers! What’s to hate here? 

 

The $25 beers?

.

 

 

.

 

[RiotAct]

2 hours ago, eball said:

But if only they would have built it downtown…..

 

 

 

 

 

 

 

 

I would have been cool with a downtown open-air stadium

[papazoid]

downtown, retractable roof, dual purpose convention center

 

but hey, guess folks don't mind bills home january playoff games being played in detroit

 

or spending $1.5 billion on 10 events a year instead of $2.0 billion on 50 events

[Mister Defense]

17 hours ago, cba fan said:

Now reported the deal is for $1.54 billion and Pegs is responsible for the $140 million additional cost from the original of $1.4 billion.

 

so we have cost overrun before one shovel is in the ground yet. lol. Considering the long construction timeframe, the volitivity of steel and supplies prices, some add ons these projects always get, and some inevitable construction cost surprises, you can bet this will approach 2 billion when done. 

Pegs is responsible for all cost overruns. 

 

I was widely criticized for harping on Pegs would end up paying over 50%, however, that is on track as we speak.

NY state     600 mill

Pegs/NFL   550 mill(250 mill is from NFL program Bills pd into for decades and will pay in for eternity. So is Pegs contribution. Bills actually eventually will pay

                                  more into this then they get out of it until next new stadium is built in Buffalo)

Erie Co.      250 mill

Pegs             50 mill for Highmark demo.

cost o-run  140 million Pegs cost.

 

so Pegs is paying $740 mill already. Almost 50% already.

 

 

Thanks for the specific info on this. 

 

Often, and  like me, if we aren't reading a bunch of perspectives, the superficial take from others seems to dominate: this stadium is an outlandish rip off of NY residents.

 

The fact that the Pegulas are putting up a huge amount of their own money is often ignored or glossed over. If you are correct, they are already in for almost 3/4 of a billion dollars. How many other NFL owners have put up that kind of money for a new stadium? (I have no idea what that answer is.)

 

Looking forward to seeing a game in our new stadium.

 

Go Bills! 

[JoPoy88]

26 minutes ago, papazoid said:

downtown, retractable roof, dual purpose convention center

 

but hey, guess folks don't mind bills home january playoff games being played in detroit

 

or spending $1.5 billion on 10 events a year instead of $2.0 billion on 50 events

I would’ve liked that building too (i had no preference either way). But if it was down there and covered I doubt it would host 50 events.

[C.Biscuit97]

Is money even real? Let’s discuss…

Edited April 8, 2023 by C.Biscuit97

[Utah John]

I still can't believe the Pegulas get credit in this deal for the money collected from PSLs.  That's money from the fans, from the public, not from their own pockets. And they even get to count the money that it costs to sell and administer the PSLs.  

 

They ARE responsible for cost overruns, which could turn out to be a lot of money, so they're not getting off scott-free.  I just think the PSLs should be regarded as another category of funding for the stadium, so we could see more clearly who's paying what.

1 hour ago, Mister Defense said:

 

 

Thanks for the specific info on this. 

 

Often, and  like me, if we aren't reading a bunch of perspectives, the superficial take from others seems to dominate: this stadium is an outlandish rip off of NY residents.

 

The fact that the Pegulas are putting up a huge amount of their own money is often ignored or glossed over. If you are correct, they are already in for almost 3/4 of a billion dollars. How many other NFL owners have put up that kind of money for a new stadium? (I have no idea what that answer is.)

 

Looking forward to seeing a game in our new stadium.

 

Go Bills! 

A lot of what's being counted as money from the Pegulas is actually money paid by the fans, for PSLs.  It's crazy.

[Airseven]

I never thought a brand new Bills stadium could be soul-sucking.

[Jrb1979]

22 minutes ago, Utah John said:

I still can't believe the Pegulas get credit in this deal for the money collected from PSLs.  That's money from the fans, from the public, not from their own pockets. And they even get to count the money that it costs to sell and administer the PSLs.  

 

They ARE responsible for cost overruns, which could turn out to be a lot of money, so they're not getting off scott-free.  I just think the PSLs should be regarded as another category of funding for the stadium, so we could see more clearly who's paying what.

A lot of what's being counted as money from the Pegulas is actually money paid by the fans, for PSLs.  It's crazy.

That's the cost of keeping the team in Buffalo. I'm told that's all that matters 

[Peter]

19 hours ago, cba fan said:

Now reported the deal is for $1.54 billion and Pegs is responsible for the $140 million additional cost from the original of $1.4 billion.

 

so we have cost overrun before one shovel is in the ground yet. lol. Considering the long construction timeframe, the volitivity of steel and supplies prices, some add ons these projects always get, and some inevitable construction cost surprises, you can bet this will approach 2 billion when done. 

Pegs is responsible for all cost overruns. 

 

I was widely criticized for harping on Pegs would end up paying over 50%, however, that is on track as we speak.

NY state     600 mill

Pegs/NFL   550 mill(250 mill is from NFL program Bills pd into for decades and will pay in for eternity. So is Pegs contribution. Bills actually eventually will pay

                                  more into this then they get out of it until next new stadium is built in Buffalo)

Erie Co.      250 mill

Pegs             50 mill for Highmark demo.

cost o-run  140 million Pegs cost.

 

so Pegs is paying $740 mill already. Almost 50% already.

 

I commented to friends of mine months ago that this was likely to happen given skyrocketing inflation.

 

 

[Buffalo_Stampede]

It’s funny that after Jerry Jones built his dream stadium for $1.2 billion the Bills spent 10 years researching only to build a lesser stadium for $1.5 billion across the street.

 

🤡

[JakeFrommStateFarm]

I see the Bills PR department crafting another email letting fans know that "because of unforseen events, PSLs will be much higher than anticipated "

[Kiva]

Extra amount must be for the dome. 

[Peter]

8 minutes ago, Buffalo_Stampede said:

It’s funny that after Jerry Jones built his dream stadium for $1.2 billion the Bills spent 10 years researching only to build a lesser stadium for $1.5 billion across the street.

 

🤡

This would make sense if Ralph Wilson, the State, and the County would have been willing to spend $1.2 B for a new stadium in 2009.

[Buffalo_Stampede]

5 minutes ago, Peter said:

This would make sense if Ralph Wilson, the State, and the County would have been willing to spend $1.2 B for a new stadium in 2009.

I remember reading a stadium report years ago, probably 2015, and a state of the art domed stadium was under $800 million. 

 

Terry Pegula was the owner worth like $5 bill at the time. They’re now spending out of their own pocket what it would’ve cost to build the stadium we should’ve built back then.

 

 

 

[Mister Defense]

21 minutes ago, Buffalo_Stampede said:

It’s funny that after Jerry Jones built his dream stadium for $1.2 billion the Bills spent 10 years researching only to build a lesser stadium for $1.5 billion across the street.

 

🤡

 

Are you saying you would rather have the huge monstrosity of a stadium that they have in Dallas?  If so, almost unimaginable.

 

It is like they do not even have a home field advantage anymore in that huge impersonal cavern, where so many rely on monitors because they are so far from the field.

 

No way would would that kind of impersonal corporate mess be accepted in Buffalo.

 

When the Bills play the Cowboys there are you ever worried about the crowd being too loud or the home atmosphere undermining the Bills?  I don't.  It is almost like they are playing on a neutral field when playing in Dallas.