Buffalo, N.Y. (WBEN) – Erie County is giving Buffalo Bills fans a chance to directly invest in the new stadium in Orchard Park through “Bills Bonds”.
“It’s a novelty thing,” said Michael Angelucci, Certified Financial Planner with Level Financial Advisors. “It’s not anything that’s going to make anybody a lot of money, depending on how much you invest. But it’s fun for people who want to take advantage of it.”
He explained that municipal bonds are especially attractive for people in higher income tax brackets because they are exempt from state and federal taxation.
Angelucci expects the bonds to be issued at around 4.25%. That’s the price today, but it could change before next month…