A Henderson official called the Raiders practice field a “catalyst project,” though developers with projects in the area gave mixed responses as to whether the team’s arrival has sparked any other construction nearby.
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The NFL team purchased 17.3 acres of real estate near its under-construction stadium for just over $28 million, property records show.
A Boston real estate firm has picked up several industrial buildings near Allegiant Stadium in Las Vegas, figuring the massive project will boost rent growth in the area.
Marc-Andre Fleury has sold his house. And in true Vegas fashion, records indicate the buyer is a strip club owner.
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.
With the Las Vegas Aviators playing baseball at the new Summerlin stadium, neighboring land could eventually sprout a range of projects.