The Erie County Legislature will begin its review of a proposed lease agreement with the Buffalo Bills for Ralph Wilson Stadium next week.
Legislators plan to invite representatives from the administration of County Executive Mark C. Poloncarz and Buffalo Bills executives to an Economic Development Committee meeting at noon Tuesday. to explain the proposal and answer questions from legislators about its terms.
Legislature Chairwoman Betty Jean Grant, D-Buffalo, said the proposed memorandum of understanding could come up for a vote later this month unless questions arise that stall its approval.
Poloncarz, along with Gov. Andrew M. Cuomo and Bills executives, announced Dec. 21 that they had reached a 10-year deal that would invest $130 million in stadium upgrades. The terms call for a $400 million penalty if the team leaves Buffalo before 2023, with a one-time option to leave in the seventh year by repaying only $29 million.
The Legislature’s Economic Development Committee will meet at noon at Old County Hall, 92 Franklin St.