All bonds for Las Vegas Raiders stadium sold in 90 minutes

Updated April 11, 2018 - 7:45 pm

It only took an hour and a half Wednesday for Clark County to sell the bonds necessary to help finance the planned $1.8 billion Las Vegas stadium to 43 institutional investors.

The bonds are part of the public’s $750 million contribution to the 65,000-seat indoor stadium being built by the Raiders at Interstate 15 and Russell Road.

The stadium also will be used for UNLV football games and could someday be the site of other major sporting events, including NCAA basketball tournament games and the Super Bowl, as well as major concert events. Construction is underway and the Raiders have begun selling personal seat licenses in advance of season ticket sales for games that would begin in 2020.

Clark County Manager Yolanda King, who projected last week that the county would sell around $650 million in bonds as a result of the county already having received additional room tax revenue for 13 months, said the pricing and sale that began at around 9:45 a.m. went as planned with no surprises.

“We were able to sell 100 percent of the bonds,” Clark County Chief Financial Officer Jessica Colvin added.

The county ultimately sold $645.1 million par value on the bonds and with interest will pay off $709.1 million. The bonds carry an average interest rate of 3.94 percent over the 30-year term with maturation in 2048.

The bonds are structured to mature over 30 years with escalating debt service and a debt service coverage ratio 1½ times the forecast payment. Initially, the bond issue will fund a debt-service reserve fund equal to one year of average annual debt service. In addition, available room tax revenue in the future will fund an additional reserve to ultimately achieve a debt-service reserve fund equal to two years of average annual debt service.

Colvin said revenue is projected to be sufficient to cover both the principal and interest costs over 30 years. Payments are made twice annually on Dec. 1 and June 1 of each year.

County officials are anticipating an average annual tax revenue growth rate of 2 percent based on gradual increases in visitation, occupancy rates and average daily room rates. In the 10 years between 2007 and 2017, revenue climbed by nearly 3 percent in a time when Southern Nevada was weathering the Great Recession.

“Obviously our projections are a lot more conservative than what the average growth has been,” Colvin said. “We’re very comfortable at 2 percent, especially given the average over the 10-year period of time was at 2.84 percent. We’re being very conservative.”

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

ad-high_impact_4
Raiders Videos
Raiders Win Intense Game Against Steelers - Vegas Nation
The Raiders win against the Pittsburgh Steelers 24-21. Raiders beat writer Michael Gehlken and sports columnist Ed Graney go over the Raiders victory.
Vegas Nation: Raiders sign C.J. Anderson
Raiders beat reporter Michael Gehlken lists the multiple players heading to the injured reserve list, the Raiders signing three new players to the active roster, and the new drills the running backs are running in practice.
Raiders vs Steelers Preview - Vegas Nation Mailbag
The Oakland Raiders will face off against the Pittsburgh Steelers on Sunday. Vegas Nation Mailbag host Elaine Emerson and sports columnist Ed Graney answer all of Raider Nation's burning questions about the upcoming game.
Vegas Nation: Fumbles plague Raiders in loss to Chiefs
Raiders beat reporter Michael Gehlken goes over Sunday's loss to the Kansas City Chiefs, and highlights the uncertainty of many players returning from their injuries.
Vegas Nation: Raiders Fall To The Kansas City Chiefs
Raiders fall to the Kansas City Chiefs 40-33. Vegas Nation host Cassie Soto, Raiders beat writer Michael Gehlken and sports columnist Ed Graney go over the Raiders loss to the chiefs.
Raiders players reflect on their loss to the Chiefs
Oakland Raiders' players Jordy Nelson, Jared Cook and Doug Martin reflect on what went wrong and talk about their performances in the team's loss to the Kansas City Chiefs.
Gruden, Carr on turnovers that cost the Raiders
Head coach Jon Gruden and quarterback Derek Carr spoke about the team's loss to the Chiefs following the game. The Oakland Raiders fell to 2-10 on the season when they lost to the Kansas City Chiefs at home, 40-33.
Vegas Nation: Leon Hall, others could miss game vs. Chiefs
Raiders beat reporter Michael Gehlken goes over the team's final injury report before their game on Sunday against the Kansas City Chiefs.
Raiders Honor Canyon Springs’ Gus McNair as High School Coach of the Year
The Raiders honor Canyon Springs Head Coach Gus McNair as the 2018 Coach of The Year. The Raiders present a check for $1000 to the school and surprise players with the gift of new cleats. (Kenton King/Las Vegas Review-Journal)
Vegas Nation: Kareem Hunt physical altercation video surfaces
Raiders beat reporter Michael Gehlken describes the potential ramifications of the Kareem Hunt video that surfaced on Friday, as well as the Raiders' final injury report before Sunday's game against the Chiefs.
Vegas Nation: Hill poses threat to Townsend, Raiders special teams
Raiders beat reporter Michael Gehlken presents the challenges rookie punter Johnny Townsend could face this Sunday, as he hopes for a bounce back game against one of the most dangerous returners in football: Tyreek Hill.
Vegas Nation Mailbag: Raiders fall to Ravens 34-17
The Raiders fell to 2-9 on the season after losing to the Ravens in Baltimore. Ed Graney and Elaine Emerson discuss the Raiders needs going forward.
Vegas Nation: DeAndre Washington, Raiders promote causes with cleats
Raiders beat reporter Michael Gehlken goes into depth about the NFL's 'My Cause My Cleats" campaign, and the cause running back DeAndre Washington chose for the promotion.
Vegas Nation: Gruden encouraged by rookie tackles
Raiders beat reporter Michael Gehlken examines Sunday's performances of the team's rookie tackles Kolton Miller and Brandon Parker.
Vegas Nation: Raiders Fall To Baltimore Ravens
Raiders beat writer Michael Gehlken and Vegas Nation host Cassie Soto go over the Raiders 34-17 loss to the Baltimore Ravens.
Raiders Players Thanksgiving Dinner Donations
Donald Penn brought the tradition of "spreading the love" for Thanksgiving from Tampa Bay as said by Raiders offensive tackle Kolton Miller. Raiders players were donating turkey dinners to Oakland residents Tuesday night.
Vegas Nation Mailbag: How Will Raiders Perform Against Ravens
Raiders will face the Baltimore Ravens on Sunday and Review-Journal reporter Gilbert Manzano and Elaine Emerson go over what to expect from the game.
Vegas Nation: LaFell moved to IR, Hatcher returns
The Raiders move wide receiver Brandon LaFell to the injured reserve and re-sign preseason standout Keon Hatcher, as Michael Gehlken reports the corresponding moves from Alameda, Calif.
Vegas Nation: Raiders Beat Cardinals 23-21, Earn Second Win of Season
Raiders Kicker Daniel Carlson hit the game winning field goal as time expires to hand the Raiders their first road win of the Season.
Raiders players talk about the team's win over Cardinals
After the team defeated the Arizona Cardinals, 23-21, the Oakland Raiders players spoke about the victory in the locker room.
Gruden, Carr discuss the Raiders 23-21 win
Head coach Jon Gruden and quarterback Derek Carr speak to media after the Oakland Raiders defeat the Arizona Cardinals, 23-21.
Vegas Nation: Nelson, Bryant out vs. Arizona
Raiders beat reporter Michael Gehlken reports that the team will be without wide receivers Jordy Nelson and Martavis Bryant ahead of their game against the Arizona Cardinals on Sunday.
Vegas Nation: Raiders hold indoor walkthrough due to fires
Raiders beat reporter Michael Gehlken reports from smoky Alameda, Calif. as the Raiders move their practice indoors due to the California wildfires.
Las Vegas Raiders Stadium
Las Vegas Raiders Stadium (Raiders)
Vegas Nation: Ateman prepares for NFL debut vs. Cards
Oakland Raiders beat reporter Michael Gehlken explains how Jordy Nelson and Martavis Bryant's injuries could result in seventh round pick Marcell Ateman making his NFL debut this Sunday.
Vegas Nation: Nelson, Bryant injured in loss to Chargers
Raiders beat reporter Michael Gehlken examines the injuries to wide receivers Jordy Nelson and Martavis Bryant.
Vegas Nation: Chargers Overpower Raiders 20-6
Ed Graney and Michael Gehlken discuss The Raiders loss to the Chargers following the California wildfires and mass shooting
Raiders Adopt Student Resource Room At Robert Taylor Elementary School In Henderson
Former Raiders player Leo Gray and Robert Taylor Elementary School principal Kim Basham talk about the new resource room at the school on Sept. 25, 2018 in Henderson, Nevada. (Ron Kantowski/Las Vegas Review-Journal)
More information on design of Raiders' practice facility in Henderson
Officials plan to finish the Raiders' Henderson headquarters by spring 2020. The planned facility would be home to offices, training facilities and 4 1/2 football fields.
Vegas Nation: Raiders fall short in Week 1 to the Rams
Bryan Salmond and Gilbert Manzano are in studio recapping the first game of 2018 for the Oakland Raiders. Michael Gehlken and Ed Graney report from Oakland.
News
Officer-involved shooting in Nye County
The Nye County Sheriff's Office gives information about a shooting in Pahrump on Thursday night after a man began firing shots outside of his home. (Nye County Sheriff's Office)
Law Enforcement Active Shooter Training Exercise
Multiple Las Vegas Valley law enforcement agencies held an active shooter drill at the Department of Public Safety’s Parole and Probation office on December 6, 2018. Officials set up the training exercise to include multiple active shooters, a barricaded suspect and multiple casualties. (Katelyn Newberg/ Las Vegas Review-Journal)
Public memorial service for Jerry Herbst
Archiving effort hits milestone at Clark County Museum
The Clark County Museum catalogs the final item from the bulk of Route 91 Harvest festival artifacts. (John Przybys/Las Vegas Review-Journal)
Pearl Harbor survivor Edward Hall talks about his memories of Dec. 7, 1941
U.S. Army Corps Edward Hall, a 95-year-old survivor of Pearl Harbor talks about his memories of that horrific day. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Final Route 91 Harvest festival remembrance objects catalogued at Clark County Museum
The last of the more than 17,000 items left at the makeshift memorial near the Las Vegas sign after the Oct. 1 shootings have been catalogued at the Clark County Museum in Las Vegas. The final item was a black-and-white bumper sticker bearing "#VEGASSTRONG. An additional 200 items currently on display at the museum will be catalogued when the exhibit comes down. (K.M. Cannon Las Vegas Review-Journal)
Dozier execution timeline
Scott Dozier was set to be executed July 11, 2018, at the Ely State Prison. Judge Elizabeth Gonzalez delayed the execution.
Grand Jury Indicts Constable for theft
A Clark County grand jury indicted Henderson Constable Earl Mitchell. A Las Vegas Review-Journal investigation prompted the criminal probe. The newspaper found Mitchell wrote himself thousands in checks, took out cash at ATMs and traveled on county funds. He faces four felony counts of theft and a county of public misconduct. Mitchell and his attorney could not be reached for comment.
93-year-old WWII veteran arrested during visit to VA hospital
Dr. S. Jay Hazan, 93, a World War II veteran, talks about his arrest during his visit to VA hospital on Friday, Nov. 30. (Erik Verduzco Las Vegas Review-Journal @Erik_Verduzco_
Pearl Harbor survivor struggles in her senior years
Winifred Kamen, 77, survived the attack on Pearl Harbor as an infant, works a 100 percent commission telemarketing job to make ends meet. (K.M. Cannon Las Vegas Review-Journal)
Las Vegas Metropolitan Briefing 18th street gang
Las Vegas Metropolitan briefs the media on the recent arrests made regarding the 18th street gang.
Man shot in Las Vegas traffic stop had knife, police say
Police said the man fatally shot by an officer during a traffic stop in downtown Las Vegas had a “homemade knife.” Demontry Floytra Boyd, 43, died Saturday at University Medical Center from multiple gunshot wounds after officer Paul Bruning, 48, shot him during a traffic stop. Bruning pulled Boyd over on suspicion of driving recklessly at 7:41 a.m. near Sunrise Avenue and 18th Street.
Catahoula dogs rescued from home in Moapa Valley
Catahoula dogs were brought to The Animal Foundation after being rescued from home in Moapa Valley.
Intuitive Forager Kerry Clasby talks about losses in California wildfire
Intuitive Forager Kerry Clasby talks about losses she suffered in California's Woolsey Fire in Malibu in November. (Al Mancini/Las Vegas Review-Journal)
Benefit dinner for Kerry Clasby, the Intuitive Forager
Sonia El-Nawal of Rooster Boy Cafe in Las Vegas talks about having a benefit for Kerry Clasby, known as the Intuitive Forager, who suffered losses on her farm in California’s Woolsey Fire in Malibu. (Al Mancini/Las Vegas Review-Journal)
Former President George H.W. Bush dies at 94
Former President George H.W. Bush has died at the age of 94. He died Friday night in Houston, about eight months after the death of his wife, Barbara.
Las Vegans Celebrate Big Snowfall
Las Vegans celebrate big snowfall at Lee Canyon.
Exploring old mines for denim jeans and other vintage items
Caden Gould of Genoa, Nev. talks about his experiences looking for vintage denim jeans and other items in old mines and other places areas across Nevada and the west.
Officers share photo of dead gunman after Las Vegas shooting
A little over an hour after SWAT officers entered Stephen Paddock's suite at Mandalay Bay, Las Vegas police officers far from the scene were already sharing cell phone photos of the dead Oct. 1 gunman.
Frontier jet safely returns to Las Vegas after losing engine piece
Frontier jet safely returns to Las Vegas after losing engine piece. (@FlightAlerts_)
Park Service plans ahead for lower lake levels
National Park Service releases new plans to maintain access to the water as Lake Mead continues to shrink.
Women claim abuse at Florence McClure Women's Correctional Facility
Current and ex-inmates, including Merry West, are suing Florence McClure Women’s Correctional Facility, claiming abuse and inadequate medical care. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
Butte County Sheriff's Office Body Cam Footage
Bodycam video from Butte County (Calif.) Sheriff's Office Deputy Aaron Parmley, who was in Paradise November 8 helping with evacuations. (Butte County Sheriff's Office)
NDOT construction blasting along State Route 106
NDOT construction blasting along State Route 160, near Mt. Potosi Road, in Clark County as part of a $59 million, 6-mile-long highway widening project that began this summer. (Nevada Department of Transportation)
Car crashes into Papa Murphy's Pizza shop
A driver crashed a car into a western Las Vegas Valley pizza shop on Tuesday morning, police said. (Joe Stanhibel/Special to Las Vegas Review-Journal)
Low-lake-level pumping station nears completion
Barnard Construction and the Southern Nevada Water Authority give one last tour before the new low-lake-level pumping station is activated.
Trailer: Valley of Fires
Sultan’s Playroom from Make-A-Wish Southern Nevada
Make-A-Wish Southern Nevada’s Scott Rosenzweig talks about granting Sultan Bouras Souissi’s wish, and what went into building it. (John Hornberg/Las Vegas Review-Journal)
Jim Marsh brings historic replica of rural church to Amargosa Valley
Jim Marsh talks during the opening of the Chapel at Longstreet, a replica of an 1874 Catholic church built in the mining town of Belmont, Nev., at Marsh's Longstreet Casino in Amargosa Valley, Nev. Chase Stevens/ Las Vegas Review-Journal
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Politics
Denis details his plans, goals for Nevada education - Nevada Politics Today
The top priority for Nevada education is overhauling the Nevada Plan. There isn’t going to be a tax hike to fully implement weighted funding, and Read by 3 needs to be modified. That’s all according to Sen. Mo Denis, who will chair the Senate Education Committee. Denis also said he doesn’t now support extending $20 million in tax credits for the Opportunity Scholarship program.
Former President George H.W. Bush dies at 94
Former President George H.W. Bush has died at the age of 94. He died Friday night in Houston, about eight months after the death of his wife, Barbara.
Nevada Politics Today: John Malcolm talks about FIRST STEP Act, judicial vacancies
The FIRST STEP Act is currently before the Senate to help decrease recidivism rates. States that have passed similar measures have seen a decrease in crime. Conservatives also shouldn’t push Clarence Thomas to retire before President Donald Trump’s first term is over. That’s all according to John Malcom, a senior legal fellow with the Heritage Foundation. (Las Vegas Review-Journal)
The Right Take: Thoughts on Wealth, Inequality, and Thanksgiving
Listen to some politicians and you’d think that America’s wealth should be a source of anger, not thanksgiving.
Nevada Politics Today: Robert Fellner
Nevada’s Supreme Court has ruled that public employee retiree payouts are public records and we’re talking someone from the winning side.
Rosen discusses plans and goals as U.S. Senator
U.S. Senator-elect Jacky Rosen meets with Las Vegas reporters to discuss her win and priorities as Nevada’s next senator.
The Right Take: Republicans Need To Advantage Of Third Party Candidates
Nevada had a blue wave on Tuesday, but some of Nevada’s most conservative voters amplified its reach.
Amy Tarkanian gives passionate speech after husband's election loss
Amy Tarkanian speaks to a small crowd after her husband, Danny Tarkanian, concedes the race for the 3rd Congressional District.
U.S. Senator-Elect Jacky Rosen gives her victory speech
After defeating Dean Heller for the Nevada Senate seat, Jacky Rosen gives her victory speech at Cesars Palace in Las Vegas.
Senator Dean Heller concedes in 2018 election
Senator Dean Heller concedes in 2018 election.
Nevada Election 2018 | Election Update
Nevada 2018 Election Update. Live from Las Vegas Review-Journal Studio with the latest results from election night.
Susie Lee defeats Danny Tarkanian in Nevada's 3rd Congressional District
Susie Lee delivers her acceptance speech after defeating Danny Tarkanian for Nevada's 3rd Congressional District. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
Nevada Election 2018 | Election Update
Nevada Election 2018: A late night for those wanting election results.
Nevada Election 2018 | Election Update
Nevada Election 2018: A late night for those wanting election results. The latest from the Las Vegas Review Journal. Studio anchor Aaron Drawhorn joined by columnist Victor Joecks discussing voter turnout and impact.
Scenes from the Nevada GOP Election Party
Crowds gather at Nevada's GOP Election Party at South Point in Clark County. Michael Quine/ Las Vegas Review-Journal
Long lines in 2018 Nevada election in Las Vegas
Polling places in Clark County, Nev., saw long lines during the 2018 election.
Dennis Hof Wins, What Now?
Although Nevada Republicans have seen stronger elections, brothel owner Dennis Hof, who passed away unexpectedly October 16, managed to win his race for Assembly District 36 despite being dead. Hof ran as a Republican, calling himself the “Trump of Pahrump.” Although the colorful candidate and showman easily defeated his Democratic opponent from the grave, county commissioners from the three counties comprising District 36 must now meet to name Hof’s replacement.
Henderson voters talk about their voting experience
Henderson voters talk about their voting experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Voters hit the polls at Downtown Summerlin in Las Vegas
Voters, including first time voters, were lined up before the doors opened at the voting center in a tent in the parking lot behind Dillard’s at Downtown Summerlin. (K.M. Cannon/Las Vegas Review-Journal)
Election Day time off
Nevada companies are required to give employees one to three hours of paid time off on Election Day, depending on the distance between the place of work and a polling location. (Bailey Schulz/Las Vegas Review-Journal)
U.S. Senator Kamala Harris Speaks at UNLV Rally
U.S. Senator Kamala Harris speaks at a UNLV rally hosted by the Nevada State Democratic Party.
Early voting ends Friday in Clark County
The final day of early voting is Friday, Nov. 2. Election Day is Tuesday, Nov. 6. Voting locations will stay open past their scheduled closing time so long as people are waiting in line to cast ballots. (K.M. Cannon/Las Vegas Review-Journal)
President’s son visits Las Vegas in support of Republican candidates
Eric and Lara Trump show their support for U.S. Representative Cresent Hardy and other Republican candidates during a rally at the Nevada Republican Party’s Summerlin office.
Barack Obama Encourages Las Vegas To Vote Early
Former President Barack Obama visits Las Vegas to encourage people to vote early for the midterm elections.
Former Vice President Joe Biden Speaks Along With Democrat Candidates Speak At #Risenvote Rally
Former Vice President Joe Biden Speaks at the #RiseNVote rally to get voters to vote early.
Heller, Rosen participate in debate
The senatorial debate between Dean Heller and Jacky Rosen highlighted differences between the candidates, who spent much of Friday night exchanging barbs on health care, immigration and gun control. (Courtesy KLAS-TV, Las Vegas)
Ron Jeremy and Heidi Fleiss React to Dennis Hof's Death
Ron Jeremy and Heidi Fleiss speak about their friend and prominent brothel owner Dennis Hof's death at Dennis Hof's Love Ranch. (Benjamin Hager/Las Vegas Review-Journal)
Nevada brothel owner Dennis Hof has died
Nevada brothel owner and Republican candidate for Nevada State Assembly District 36, Dennis Hof has died. He was 72. Nye County Sherriff's office confirmed. Hof owned Love Ranch brothel, located in Crystal, Nevada.
Duncan details his Safer Nevada plan, responds to campaign commercials
Nevada needs to increase the number of psychiatric ERs and the penalty for some serious crimes, according to Republican attorney general candidate Wes. He also contends that voters should consider Democrat candidate Aaron Ford’s multiple arrests and past tax liens.
The Right Take: Kavanaugh Testifies
Ford has accused Kavanaugh of sexually assaulting her around 1982 when both were high school students. Her testimony didn’t provide any new information to corroborate her claims, but her emotion was visible for all to see. She projected a genuine belief that Kavanaugh assaulted her.
Nevada Politics Today: Jon Wellinghoff
Nevada Politics Today host Victor Joecks interviews Jon Wellinghoff, CEO of Grid Policy.
The Right Take: Brett Kavanaugh
Two women have recently accused Brett Kavanaugh of sexually assaulting them over three decades ago. Their allegations aren’t just unverified. Numerous supposed eyewitnesses have directly contradicted them.
Nevada Politics Today: Brett Kavanaugh And Trump
Nevada Politics Today host Victor Joecks and Review-Journal columnist Debra J Saunders talk about Brett Kavanaugh and Trumps visit to Nevada.
Nevada Politics Today: Brett Kavanaugh And Trump
Nevada Politics Today host Victor Joecks and Review-Journal columnist Debra J Saunders talk about Brett Kavanaugh and Trumps visit to Nevada.
Michael Ramirez Joins The Review-Journal Team
Pulitzer prize winning political cartoonist Michael Ramirez talks about joining the Review-Journal and how he started his career.
Nevada Politics Today: Danny Tarkanian
The federal government should create a high-risk pool for individuals with pre-existing conditions. Susie Lee, the Democrat running for Congressional District 3 is against ICE. She’s also ducking debates, despite once challenging her opponent to debate her. That’s according to Danny Tarkanian, the Republican nominee for CD3.
Nevada Politics Today: Danny Tarkanian
The federal government should create a high-risk pool for individuals with pre-existing conditions. Susie Lee, the Democrat running for Congressional District 3 is against ICE. She’s also ducking debates, despite once challenging her opponent to debate her. That’s according to Danny Tarkanian, the Republican nominee for CD3.
Business
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
Black Friday - 12:30am - Best Buy Arroyo Crossing
Sam's Town Holiday Lighting Ceremony
On Wednesday, Nov. 21, 2018, Mystic Falls Park opened with its annual tree lighting ceremony, hosted by Boyd Gaming Executive Chairman Bill Boyd. The attraction features a Winter Wonderland theme and holiday-inspired laser light show, available daily Nov. 23 to Jan. 1. (Mat Luschek/Las Vegas Review-Journal)
What Is A Smart City?
George Karayannis, vice president of CityNow, Panasonic’s smart-city arm, explains. (Nicole Raz/Las Vegas Review-Journal)
Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
With holidays around the corner, department stores hiring extra staff
J.C. Penny hired 72 seasonal workers this year at the Galleria at Sunset mall in Henderson in order to handle the heavy traffic of the holiday shopping season. (Rachel Aston/Las Vegas Review-Journal)
Startup Weekend fosters new businesses
With the help of entrepreneurial peers and an expert panel of mentors, Techstars Startup Weekend fosters the ideas of attendees into marketable business plans. (Rachel Aston/Las Vegas Review-Journal)
Mecum Car Auction in Las Vegas
The Mecum Auctions is held at the Las Vegas Convention Center. Bizuayehu Tesfaye/ Las Vegas Review-Journal @bizutesfaye
Construction underway for new Google Data Center
Henderson is slated to be home to a new Google data center in December 2020. The Governor’s Office of Economic Development approved $25.2 million in tax abatements for Design LLC, a wholly-owned subsidiary of Google. The company plans to build the data center on 64 acres of land on Warm Springs Road west of Boulder Highway.
Anthony Rufo talks about his new product, an in-home digital companion and monitor.
Anthony Rufo talks about his new product, HAPPIE Home technology, an in-home digital companion and monitor designed for unpaid family caregivers that gives personalized alerts, messages and reminders. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Holiday parades help bring shoppers to Downtown Summerlin
Sports Town USA floor manager Angela Gardonio talks about the work that goes into the Downtown Summerlin holiday parades and how they benefit her and other businesses there.
Final vote on CG Technology
Final commission vote on the $2 million settlement for CG Technology.
Happie Home Startup Establishing Headquarters In Las Vegas
Digital companion startup company Happie Home is establishing its headquarters in Las Vegas after receiving tax abatements from the Governor's Office of Economic Development on Nov. 15. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like