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Raiders Buy Land for Stadium

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.

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