BUFFALO, N.Y. (WIVB) — Buffalo Bills owner Terry Pegula says “We’re in no hurry” to build a new stadium.
Pegula made the statement during a Business First sponsored panel presentation by sports team owners.
With Ralph Wilson Stadium in Orchard Park just having gone through a $130 million dollar face-lift, Pegula is not ready to rush into any plans for a new stadium.
“How foolish would you look if you start looking around for a new stadium, when we’ve just renovated the one we have,” he said.
There are seven seasons ahead before the new lease at the Ralph runs out.
“It’s nothing urgent right now,” said Pegula.
“The lease affords us time, which allows you to make informed decisions,” said Bills President Russ Brandon.
There was a lot of excitement in Buffalo at the beginning of the year when a site study recommended three possible new stadium locations in the city of Buffalo. A fourth option was keeping the stadium in Orchard Park.
Pegula was asked if he has been bombarded by stadium plans stemming from so much talk in the community. He simply responded “no.”
His wife, Bills co-owner Kim Pegula, chimed in saying “Actually you have! I just haven’t forwarded them to you.” That drew laughs from the crowd.
As for changing the name of Ralph Wilson Stadium, a move that could potentially bring in a couple of million dollars, Pegula said he is in no hurry to do that either, out of respect for the late Bills owner, Ralph Wilson.
“His name on the stadium is, to me right now, a special thing,” he said.