The Oakland Raiders (soon to be Las Vegas Raiders) have finalized the purchase of 62 acres closely positioned near the infamous strip that will become the new site of the stadium and should be ready for the 2020 NFL season.
Clark County Commissioner Steve Sisolak announced that the NFL and the Raiders closed escrow on the proposed site for the $1.9 billion stadium that will be the new home the Raiders when they move to Las Vegas.
The Clark County Recorder’s Office listed the purchase price of the land, which is located near the Mandalay Bay resort, as $77.5 million. The Las Vegas Sun reported the original asking price for the land was in $100 million range.
The land, which is located west of I15, includes four parcels between Russell Road and Hacienda Avenue and between Polaris Avenue and Dean Martin Drive.
The league gave Raiders owner Mark Davis approval in March to move the team to Las Vegas.
The team will play in Oakland for the 2017 season, but are in limbo for the 2018 and 2019 seasons…with location still undetermined.