Bills Making Progress In Lease And Renovation Negotiations

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Progress is being made in negotiations to extend the Buffalo Bills lease at Ralph Wilson Stadium and the $200 million price tag for renovations that comes with it, leaving Erie County Executive Mark Poloncarz hopeful an agreement in principal could be reached by the end of next month, the Associated Press reports. “I feel there’s agreement on some basic principles, and as a result I feel that we’re headed in the right direction,” Poloncarz said by phone on Friday. “We’ll be meeting again in the future very soon, and it is my goal as well as the Bills’ organization to have the general terms hammered out by the start of training camp.” The lease talks, combined with the Bills’ bid to extensively renovate the 40-year-old stadium, are regarded as a key phase in securing the small-market franchise’s long-term future in Buffalo. Poloncarz confirmed the renovation price tag at being between $200 million and $220 million, which is more than double what former Erie County Executive Chris Collins projected it would be in October before talks began. The renovations would take about three years to complete, with the work done during the NFL offseason, Poloncarz said.

Source: The Redzone