The Raiders officially purchased land in Las Vegas on Monday that will eventually house their $1.9 billion stadium.
Clark County (Nev.) Commissioner Steve Sisolak announced the Raiders and the NFL closed escrow on the proposed 62-acre stadium site, where the team will play beginning in 2020. According to state records, the Raiders bought the land for $77.5 million, which turns out to be a bargain for Mark Davis.
The Las Vegas Sun reported the original asking price for the land was $100 million.
The Raiders’ land, which has been the team’s preferred site all along, is located just west of I-15, near Polaris Avenue and Russell Road, just west of Mandalay Bay.
The @Raiders @NFL have closed escrow today on their proposed 62-acre stadium site near I-15 & Russell Road. pic.twitter.com/0hlj5fBi1c
— Steve Sisolak (@SteveSisolak) May 1, 2017
