Buffalo BIlls Lease Deal
Posted in the Buffalo Bills Forum
#1 Dec 21, 2012
Well, in case you haven't heard, the Buffalo Bills and Erie County got together for another lease, a 10-year lease.
Some excerpts from wgrz.com on "Bills Sign 10-year Lease Deal..."
The agreement to keep the Bills at Ralph Wilson Stadium calls for $130 million in upgrades to the aging, county-owned stadium that first opened in 1973. The Bills will chip in $35 million toward renovations, the state will contribute $54 million and the county will cover the remaining $41 million...
In addition, the team and state officials will form a committee to study the possibility of building a new stadium "in the next decade or so," according to (Russ) Brandon...
Ralph Wilson Stadium is currently one of the oldest in the NFL. The renovations will include a new plaza on the west side of the stadium, as well as updated concessions, bathrooms and new scoreboards.
The full terms of the lease, which is subject to NFL approval, were not immediately available. The document signed Friday was a memorandum of understanding with the terms of the lease.
The Bills' current lease, which first took effect in 1998, was set to expire July 31.
I would like to ask: Is there language that obligates the Bills organization to put forth a competitive, championship-caliber team, in order to receive public subsidies? If not, something is definitely wrong...
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