The Las Vegas Raiders have completed their purchase of 62 acres of land between Russell path and Hacienda Avenue, just west of Interstate 15 as well as the famed Strip.
Sold! The 62 acres of land between Hacienda Avenue to the north and Russell Road towards the south will serve as the future home of the Las Vegas Raiders.
The NFL group bought a total of four parcels for a combined sale price of $77.5 million, or $1.25 million per acre. That is a premium that is substantial the sellers, as the land’s assessed value was $40 million.
Nevada Land Group, LLC, was the seller, group of banking institutions that acquired the property in foreclose in 2008. The land that is vacant adjacent to I-15 behind Mandalay Bay.
The house could be the home that is future of $1.9 billion, 65,000-seat NFL stadium that will be partially built with tax dollars produced from hotel stays in Clark County. In addition to Nevada’s $750 million commitment, Raiders owner Mark Davis’ franchise shall be in the hook for the remaining $1.15 billion.
‘This site was not one of those originally mentioned,’ Michael Parks, a realtor that is commercial brokered the deal, told theLas Vegas Review-Journal. ‘Through many months of reaching out … and ensuring they were conscious this web site was available, they decided this had been their preferred web site. Now which they’ve actually written a check … they are abl Continue reading “Las Vegas, Nevada Raiders Officially Landowners, Future Home Purchased Near Strip”