Las Vegas Sun

May 21, 2018

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Henderson formalizes land sale to Raiders for practice facility

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Yasmina Chavez

President of the Raiders organization Marc Badain smiles as a round of applause is given to him following Henderson Mayor Debra March’s announcement that the Raiders headquarters will be located in Henderson, during her 2018 State of the City address at Green Valley Ranch Resort on Wednesday, Jan. 10, 2018.

Henderson approved the sale of 55 acres of land to the Raiders to build a practice facility and corporate offices. The sale is for $6.05 million, which is half the fair market value of the land at $12.1 million.

Raiders President Marc Badain thanked city staff for “welcoming the silver and black to this wonderful community.”

The land is located near the Henderson Executive Airport. Groundbreaking will be in the spring.

The headquarters could have a ripple effect for development and real estate in Henderson.

The Raiders are expected to begin play in Southern Nevada in 2020 at its $2 billion stadium — funding mostly with $750 million in public money — on Russell Road near Interstate 15.