The Associated Press has revealed that the $1.4 billion new stadium for the Buffalo Bills will have 60 suites in addition to around 60,000 seats.

Depending on how quickly the agreement can be completed, the bill's plan includes a building schedule with an expiration date no later than 2027,

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According to a source with direct knowledge of documents filed to state and county officials, the Associated Press said.

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If the project is given the go-ahead by the states of New York and Erie County, the team's existing lease, which is set to expire in July 2023, will be extended until the new facility opens.

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The current stadium, currently known as Highmark Stadium, was completed in 1973 and has a capacity of around 12,000 less seats than the proposed one.

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Government representatives and the Bills' parent company, Pegula Sports and Entertainment, have been in talks since late May. Last week, the parties visited the ageing home of the Bills.

MetLife Stadium, the joint home of the New York Giants and New York Jets, cost $1.6 billion to build and was inaugurated in 2010.

Taxpayers paid 45.2% of the $1.1 billion U.S. Bank Stadium, home of the Minnesota Vikings, which opened in 2016.