Lockport Union-Sun & Journal Online

Bills

July 11, 2014

Bills stadium report delayed

Gov. Cuomo says a new stadium is not needed

ORCHARD PARK —

A state-commissioned report that had been anticipated Friday identifying potential sites for a new Buffalo Bills stadium is now expected at the end of the month.
With the NFL team for sale following the death of owner and founder Ralph Wilson in March, New York requested the report amid speculation a new stadium will be important to keeping the franchise from moving out-of-state.
AECOM, a California architectural and design firm, was expected to identify three to four sites across the region and report back July 11, but the large volume of information being sorted through has delayed the findings.
Meanwhile, prospective bidders for the team have gained access to a 60-page document that outlines the franchise's history, stadium background and reasons for the sale — but no financial information, a person familiar with the sale process said.
The document from Morgan Stanley recently was made available via a secure online website to about 60 prospective bidders, who had been vetted by the investment firm and signed a non-disclosure agreement, according to the person, who spoke on the condition of anonymity because the sale process is not being made public.
The prospective bidders have until July 29 to apply to begin the second step of the bidding process, which is scheduling a meeting with Morgan Stanley to ask questions about the franchise's finances and other topics. The person with knowledge of the AECOM report said the process is consistent with the sale of previous sports franchises.
Gov. Andrew Cuomo has said in recent weeks that while he's not convinced that a new stadium is needed, the state would do its part if one is required by the new owner or league. NFL Commissioner Roger Goodell has said he considers it an important step in keeping the franchise in Western New York.

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