New York reaches deal for $1.4 billion Buffalo Bills stadium

By the numbers: The state will contribute $600 million to the project, while Erie County will contribute $250 million, according to a statement from Hochul's office. The remaining $550 million will be funded by the Bills and the NFL.

• As part of the agreement, the Bills will remain in Buffalo for 30 years.

What they're saying: Erie County Executive Mark Poloncarz noted that the share of public financing for the stadium is reduced from previous stadium deals, with the public providing about 61% of funding.

• He added: "It was essential that we entered into an agreement that ensured the team stayed in Buffalo, but was also a fair deal for the people of Erie County and New York. That is exactly the agreement that has been reached."

Between the lines: The Bills generate $27 million annually for the state of New York, Erie County and Buffalo, according to Hochul's statement.

• Over the 30-year period that the Bills will lease the stadium, revenues are expected to grow and amount to more than $1.6 billion total.
• The construction of the new stadium is also expected to produce 10,000 construction jobs, which will be filled with union labor, according to the agreement.