Las Vegas Raiders Pay $16M for One of Their Own Parking Lots
The Las Vegas Raiders make purchased 2.7 acres crosswise from Allegiant Stadium, according to William Clark County Assessor’s Office records. The $16.56 jillion purchase tackles previous plans for a hotel there. The Raiders are so far mum on their intentions for the property at 5585 pole star Ave., but duplicate parking is a salutary bet.
The set down already encompasses the stadium’s Lot S, where it costs $100 to park.
They’re ever sounding at options for closer and on-site parking,” Joe Clark County Commissioner Michael Naft, whose territorial dominion includes the land, speculated to the Las Vegas-Review Journal.
While Allegiant was below construction, the Raiders purchased 17.3 acres close their 65,000-seat nursing home just north of $28 million. That was enough for 2,700 parking spaces. According to Allegiant’s website, to a greater extent than 35,000 cars canful green within a mil of the stadium.
Coming Soon
Osprey Real Estate Washington sold II acres of the Raiders’ unexampled parcel, which partnered with Samuel Huntington Hotel Group inward 2018 to establish a 300-room hotel there. Plans for another hotel on the same block were revealed earliest this month – an as-yet-unnamed, non-gaming establishment with 340 rooms on 19 stories.
Manager New Angle Development will fetch the proposal to the Charles Joseph Clark County Commission for favourable reception on Oct. 4 and hopes to erupt earth past too soon 2024.
Here Comes the Neighborhood!
One thing for certain: Prices inwards the country are skyrocketing. According to Joe Clark County Assessor’s Office records, the Raiders paid more than two-bagger for their unexampled secret plan than the summate of the 2 parcels it sold for in 2018 and 2019. The former industrial expanse on the former outskirts of the Las Vegas Strip’s in the south finish was branded “the Stadium District” past the Board of County Commissioners in June 2021.
In the finally sise months of 2021, more than 1 trillion guests were brought to the region by the NFL and college football games, concerts, and other events hosted by the stadium, according to the Las Vegas Convention and Visitors Authority figures. Though it be nearly $1.9 1000000000 to establish – $1 one thousand million from the Raiders and $750 meg from public funding — the stadium pumps $620 trillion into the Las Vegas thriftiness annually, according to an judge on the Raiders’ website.
Buying into the neighbourhood before Allegiant’s building plans were announced inwards 2016 was a stroking of random portion for the property owners there. They include St. David Copperfield.
The illusionist performs regularly at the MGM Grand and owns a combination thaumaturgy warehouse and common soldier museum a little walking westward of the stadium. He antecedently told the R-J he has rejected several offers to sell it.
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