Raiders owner Mark Davis, after bailing on plans to build a house in a wealthy Las Vegas enclave, has bought a bigger plot across town in the Henderson mountains.
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Chicago-based Mesirow Financial purchased the under-construction football facility and leased it back to the NFL team for 29 years, with seven 10-year extension options, documents show.
The area around the Raiders stadium may not be the best or easiest place to build a big project or open a retail business.
The $1.84 billion stadium project about a mile west of Las Vegas Boulevard, was dumb luck for nearby landlords. A few bought property right across from the stadium site as recently as 2015 — two years before the football team purchased its land — and others have owned parcels much longer.