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Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Category : 21 Dukes Casino

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 path towards the south will act as the future home associated with the Las Vegas Raiders.

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

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

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

‘This site wasn’t one of those originally mentioned,’ Michael Parks, a realtor that is commercial brokered the deal, told theLas Las Vegas Review-Journal. ‘Through many months of reaching out … and making sure they were mindful this web site was available, they decided this was their preferred web site. Now they’ve actually written a check … they are able to proc

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