Now that the New York State annual budget has been passed, we now know where the $600 million dollars in public funding for the new Buffalo Bills stadium is coming from.

The Buffalo Bills, Erie County, and New York State have all come to an agreement on building a new $1.4 billion dollar stadium in Orchard Park. Part of the funding for the new stadium will be from New York State and now we know where the money is coming from.

The State will be putting $600 million towards the new stadium. $418 million dollars will be taken from the settlement that New York State got from the Seneca Nation over casino revenues. The remaining $182 million dollars will be funded from the New York State capital projects portion of the state budget.

The budget was passed 95-49 in the New York Assembly and 39-23 in the New York Senate.

Get our free mobile app

An additional $850 million dollars will be paid using taxpayer dollars while Erie County will also be adding $250 million dollars to the budget. The NFL also approved a $200 million dollar loan to the Buffalo Bill owners to help construct the stadium.

The Pegulas, who own the Buffalo Bills will also be responsible for additional funding for the stadium that goes over the proposed $1.4 billion dollar stadium design.

Construction is expected to start in 2023 with the goal of the stadium being completed for the 2027 season. The new location for the stadium will be across the street from the current stadium. The current stadium is expected to be demolished during the construction process.

Bills Mafia's Wishlist For The New Buffalo Stadium

The Bills are building a new stadium and here is a wishlist from Bills Mafia.

See Who Experts Think The Bills Will Draft In April

As we get ready to head into the NFL off-season, NFL experts across the country are giving their thoughts on who the Buffalo Bills will select in the NFL draft this April.

Best Free Agents Signed By The Buffalo Bills

The Buffalo Bills are gearing up for a run at the Super Bowl next season and some big-time free agents are already reaching out to the Bills looking to join the team. Check out some of the best free agents the Bills have signed in the past.

More From 98.1 The Hawk