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4w ago

Viral Yacht Sighting Intensifies Backlash Over Public Funding for Bills Stadium

Taxpayers in New York State plus Erie County are covering $850 million for the $2.1 billion project, the NFL’s largest public subsidy.

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ORCHARD PARK, NY - SEPTEMBER 24: A Buffalo Bills fan yells at referees during the first half of the game against the Denver Broncos on September 24, 2017 at New Era Field in Orchard Park, New York. Buffalo defeats denver 26-16. (Photo by Brett Carlsen/Getty Images) *** Local Caption ***

Overview

  • A TikTok video showed Bills owner Terry Pegula’s 200-foot superyacht anchored off Newport, Rhode Island, prompting renewed criticism from fans and residents.
  • The public funding package totals $600 million from the state and $250 million from Erie County for the new Highmark Stadium.
  • Reporting indicates the project is roughly $560 million over its original estimate, intensifying scrutiny of the deal.
  • Some commenters directed frustration at state decision-makers, noting Gov. Kathy Hochul previously said passing the subsidy was hard but “we got it done.”
  • Pegula’s vessel, Top Five II, is valued between $75 million and $100 million with luxury amenities and is reportedly available for charter at about $500,000 per week.