Caesars Entertainment rolled out the most lavish 2023 Formula One Las Vegas Grand Prix thus far, with a $5 million asking price attached to it.
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Real estate firm Capital Square announced Friday that it acquired the football team’s headquarters and practice facility off St. Rose Parkway near Henderson Executive Airport.
There is $7.5 million worth of work set to be conducted at the stadium, with 15 items noted on a list provided to the Las Vegas Stadium Authority by the Raiders.
A formerly quiet, sprawling tract of land near the Strip is becoming a Formula One racetrack and the owner of a rental property next door is looking to sell for a hefty sum.
Through the first 15 months that fans have been allowed in Allegiant Stadium, over 2 million people have attended events at the $2 billion facility.
A full list of events is driving up room rates during a time of the year that’s typically slow for hotel and casino operators.
The Final Four is the latest major event announced to take place at Allegiant Stadium. The NFL Pro Bowl was played there this year and will again take place there in 2023. The Super Bowl is slated to take place at the stadium in 2024.
Despite the Raiders starting out a disappointing 2-7, fans are still flocking to Allegiant Stadium for home games and prices on the resale ticket market remain largely stable.
The 2023 Formula One Las Vegas Grand Prix is already being hailed as the most expensive on next year’s schedule, and a new race and hotel package is taking that distinction to new heights.
In Thursday’s earnings call with investors, Bally’s CEO Lee Fenton said the 35 acres at the Tropicana is still in the mix for a stadium for the Oakland A’s.