NFL owners set to approve $200 million loan to help fund $1.4 billion stadium for Buffalo Bills | Buffalo Bills News | NFL


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The Buffalo Bills cleared a major hurdle in securing private funding to help build a $1.4 billion stadium in Orchard Park.

The National Football League’s joint stadium and finance committee voted on Friday to recommend the league approve a loan of up to $200 million to Bills owners Kim and Terry Pegula, according to a league source.

The 32 teams will vote on the proposal at the league’s annual owners meeting on Monday in Palm Beach, Florida. At least three-quarters of league owners – 24 out of 32 – must vote in favor of the deal, which is considered a formality.

“If the committees approve it, it’s a foregone conclusion,” sports consultant Marc Ganis, who has worked with the majority of NFL teams, told The Buffalo News.

Under the terms of the league’s “G-4” loan program, which helps finance the construction and renovation of stadiums.

The full stadium funding agreement, negotiated since late summer between New York State, Erie County and the Bills, has yet to be signed.


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