The Bills duo are awarded $850 million for Buffalo Stadium in Florida.


Governor Kathy Hochul has agreed to pay $600 million from New York taxpayers to the owners of the Buffalo Bills for a new football stadium — in addition to $250 million from their upstate county.

But the team owners are a pair of snowbirds who are largely able to avoid paying New York taxes by living in sunny, relatively tax-free Florida.

Bills owners Terry Pegula and his wife, Kim Pegula, have voted from an address in Boca Raton since 2007, according to records obtained by The Post.

Critics of the heavily subsidized Bills Stadium deal pointed to the Pegulas for a savage taxpayer penalty for insulting New York State and local taxpayers.

“There’s all this political talk about people fleeing New York for Florida and the need to attract people. Yet this billion-dollar gift to the Pegulas rewards them not only for leaving New York, but also for extracting money from our state,” fumed Assemblyman Ron Kim (D- Queens).

Erie County is pumping in $250 million for Bills Stadium, which means state and local taxpayers pay $850 million, the majority of the $1.4 billion construction bill.

Kim and Sen. Jabari Brisport (D-Brooklyn) have proposed legislation to give New Yorkers majority shares in a professional team when taxpayers pay the lion’s share of its stadium costs.

New York Governor Kathy Hochul approved $600 million in public funding for the stadium, and Erie County is contributing $250 million.
PA

Outrage over the Pegulas making Boca Raton their hometown while building a stadium for their team on the backs of high-tax New Yorkers spans the political spectrum.

“What you just told me is an insult on top of hurt,” said state Conservative Party Chairman Jerry Kassar, who opposes the stadium grant.

There are tax benefits for billionaires like the Pegulas who reside in Florida, which has no state income tax or capital gains tax for personal filers. New York State’s top tax rate for income over $25 million is 10.9%. Pegula’s Sports & Entertainment is based in Buffalo.

“This whole stadium deal is grotesque. It’s crazy. We have super rich people out of state getting massive grants from New York that they don’t need,” said John Kaehny, executive director of government watchdog group Reinvent Albany.

Kim and Terry Pegula
Terry and Kim Pegula having a primary residence in Florida allows them to pay no income tax.
PA

“It’s swindling New York taxpayers in a rapacious way.”

The controversial Bills stadium grant led to a heated exchange between state Senate Democrats during a closed caucus meeting in the Capitol building in Albany on Wednesday night.

Manhattan Finance Committee Chair Liz Krueger complained that state economic development grants for Buffalo have been ineffective and that alternatives should be explored to try to help the western New York. Tim Kennedy, who represents Buffalo, told Krueger to smash.

Terry Pegula made his billions primarily from fracking natural gas, often in western Pennsylvania through his company East Resources. Royal Dutch Shell bought a large part of East Resources in 2010 for $4.7 billion.

He then bought the Buffalo Sabers hockey team in 2011 and the Bills football team in 2014. His Buffalo-based Pegula Sports & Entertainment Group operates the teams.

In 2017, The Post reported how Pegula had benefited from an arcane tax rule that allowed him and other National Football League owners to deduct the cost of the purchase price from the company’s profits. team and its income for 15 years.

Born in Carbondale, Pennsylvania, Terry Pegula, 71, graduated from Penn State University with a degree in petroleum and natural gas engineering. He is a major donor to Penn State, where he funded a college hockey arena.

Pegula’s first job was at Getty Oil in Texas. His energy company East Resources was later based in Allegany, New York in the 1980s.

Pegula, through a spokesperson for Pegula Sports & Entertainment, declined to comment on his Florida residency.

Hochul had no immediate comment.

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