Raiders buy huge parking spots near Allegiant Stadium

Article posted by Coliseum, October 10^th, 2019

Image: MJR Group Ltd. / Coliseum

The Raiders have bought several parking spots for the future near the Allegiant Stadium. The price tag is a little over $28 million.

Property records have revealed that the NFL team has purchased 17.3 acres of real estate near its under-construction facility. The bulk purchase closed on September 27.

The parking lots and commercial buildings were chosen along or near Valley View Boulevard lying between Tropicana and Reno avenues by the Raiders. All these spots are a stone’s throw away from the nearly $2 billion, 65,000-capacity stadium at Russell Road and Interstate 15, west of the Strip.

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John Mowbray, a trustee for the family trust that owned Frias Transportation, confirmed that the former longtime taxi company sold the parcels to the Raiders.

As only 2,725 parking sites will be available on-site, securing the maximum number of parking spots as possible within shouting distance of the venue is key for the Raiders.

Raiders President Marc Badain informed that the newly acquired parcels open up around 2,700 additional spots.

“It’s half a mile away at its closest point. You can walk from that site pretty easily. We’ll have shuttle service available at the site, but I think most people will park and walk,” Badain further informed.

Badain had earlier stated that the team had agreements in place to park 9,000 vehicles within walking distance of the stadium.

The Raiders went in for the bulk purchase following the Clark County giving nod to a pair of two-year leases with the Raiders, at $1.1 million annually, for two plots owned by the county’s Department of Aviation. One is located at Warm Springs Road and Las Vegas Boulevard. The other is at Wynn and Russell roads.

MGM Resorts International announced last month that for stadium parking it intends to use the Las Vegas Village — site of the Route 91 Harvest festival shooting. As per the casino operator, that is the “near term” use planned for the 15-acre property across from Luxor, which also plans to build a community and athletic center there besides a memorial for victims of the October 1, 2017 shooting.

Raiders Senior Vice-President Don Webb, who is in charge of stadium construction, commented, “The continued rollout of parking and transportation plans is evidence of work being done behind the scenes, with an eye on the overall stadium experience.”

“The game day experience begins when they make their ticket selection on the Internet, when they leave their house and how smooth their transportation to the stadium is,” Webb further commented.

Mowbray informed that a four-story garage that was included in the Frias deal was designed with high ceiling in order to accommodate shuttles.

Though the Raiders have no concrete plan as yet for the new land, some of the buildings that were on the Frias sites have already been pulled down.
“We’ve got almost 20 acres to play with. It gives you a couple of different options for people to tailgate,” Badain remarked.

The domed football stadium all set to go on stream next year, has generated a lot of interest among the people in the industrial area living in and around. Locals feel that the developers will want to put up projects there to feed off the venue. Of course, a barrage of real estate sales has not been witnessed so far.

Property records show that Boston-based TA Realty purchased several industrial buildings within a mile of the stadium for $51.1 million total. TA figured the location would offer “very favorable rent growth” given the fact that it was adjacent to the stadium, but it does not have Raiders-related redevelopment plans.

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