Support the building of a new Downtown stadium.
Ralph Wilson Stadium is 40 years old, lacks permanent HD wiring and inadequate technologies. As a result, the current Stadium cannot support NFL broadcasts or national telecasts. In addition, the current stadium has inefficient spacing for media conducting post team interviews. New stadium construction cost is estimated at $720 million versus current stadium renovation estimated at $300 million.
Due to its Suburban location, the current stadium is underused with a rate of ten games per year, grossing only $10-$20 million in annual revenue for Erie County. Relocation to Downtown Buffalo will generate greater opportunities for revenue having a gross economic impact of 2.25 billion. The expansion of the hospitality and tourism industry, creation of jobs, with new hotels, restaurants, shops, boutiques and cultural attractions will increase revenue and opportunities for local entrepreneurs. A multi-use facility with a retractable cover would facilitate income and usage from local teams, conventions, trade shows and a host of other entertainment options.
Studies have shown that revitalized downtowns improve the quality of life by increasing authenticity, creating unified development with public and private partnership and help to reduce the carbon footprint. Successful stadium locations in other urban cities such as Chicago, Jacksonville, Baltimore, Nashville and Detroit have shown a decrease in poverty with the increased revenue and job creation. For example, Indianapolis new stadium, the Lucas oil stadium, created over 4,200 jobs, which has had a significant impact on the economy and quality of life (http://renaissancedowntowns.com/culture.php).
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