Las Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Las Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Las Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

The Las Vegas Raiders have completed their purchase of 62 acres of land between Russell path and Hacienda Avenue, just west of Interstate 15 therefore the famed Strip.

Sold! The 62 acres of land between Hacienda Avenue to the north and Russell Road towards the south will act as the future home associated with Las Vegas Raiders.

The NFL team bought a total of four parcels for a sale that is combined of $77.5 million, or $1.25 million per acre. That’s a significant premium for the sellers, as the land’s assessed value was $40 million.

Nevada Land Group, LLC, had been the seller, a combined number of banking institutions that acquired the property in foreclose in 2008. The land that is vacant adjacent to I-15 behind Mandalay Bay.

The home could be the future home of the $1.9 billion, 65,000-seat NFL stadium which will be partially built with tax dollars generated from resort remains in Clark County. Along with Nevada’s $750 million commitment, Raiders owner Mark Davis’ franchise will be on the hook for the remaining $1.15 billion.

‘This site was not one of those originally mentioned,’ Michael Parks, a commercial realtor who brokered the deal, told theLas Vegas Review-Journal. ‘Through many months of reaching out … and making sure they were mindful this web site was available, they decided this had been their favored web site. Now that they’ve actually written a check … they are able Continue a ler sobreLas Vegas Raiders Officially Landowners, Future Home Purchased Near Strip