Design Work Reportedly Underway on New Toronto Stadium to Lure Bills

November 25, 2013 Updated Nov 25, 2013 at 11:17 AM EDT

By Business First

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Design Work Reportedly Underway on New Toronto Stadium to Lure Bills

November 25, 2013 Updated Nov 25, 2013 at 11:17 AM EDT

The rumors are back. Reports circulated over the weekend about a new effort to buy the Buffalo Bills and perhaps move them to Toronto.

This time the principals are supposed to be singer Jon Bon Jovi and Toronto-based Maple Leaf Sports and Entertainment (MLSE).

The Toronto Globe and Mail's David Shoalts dismisses the immediate rumors, saying they're unlikely to become reality. He quotes one source who says the idea of Bon Jovi becoming the owner of a National Football League team is "amusing."

But, he adds, there is an underlying truth.

Shoalts says MLSE "would love to hitch its wagon to whichever individual or individuals manage to buy Buffalo’s NFL team after its 95-year-old owner Ralph Wilson passes away."

He writes that MLSE has assigned its former chief facilities officer, Bob Hunter, to design a new Toronto stadium that could accommodate the Bills.

"So far, we’re told, there is a design for a stadium that would cost $600 million, but our informants say that won’t get much these days and the final number will be closer to $1 billion plus another $1 billion or so to buy the Bills, making this a $2 billion play."