The Raiders new stadium may be in Clark County, but the team’s new headquarters and training facility will now officially be built in Henderson – of course.
The Oakland Raiders took another step forward in their relocation effort with the purchase of a 55 acre parcel for their headquarters and training facility in the City of Henderson last night as the City Council voted 4-0, with one abstention, to finalize the sale of the site on the booming west end of the city.
The location, situated within a stones throw of the Henderson Executive Airport, is an ideal location for, both the Raiders and Henderson, which in the midst of focusing on aggressive development plan on the west side of the growing city.
“This is a huge win for our community and we are so excited that the Raiders new home will be in Henderson,” said Mayor Debra March. “This is a partnership that’s going to contribute to Henderson’s recognition as a premier community with some of the best lifestyle and business offerings in the nation and will give a big boost to our city’s economic development efforts.”
The city had been sitting on that land for years in the hopes of attracting commercial development but had only garnered development offers that were focused solely on warehouse space. That was not exactly the kind of economic flow the city was looking for, according to their economic consultants. Commercial development was the focus for the city with the limited use property because of its opportunity to bring in higher tax revenue and jobs to the area.
City Council approved the sale of 55 acres of land near the Henderson Executive Airport to the @RAIDERS organization to house their football practice facility and corporate headquarters. pic.twitter.com/1fCOE0gNu6
— City of Henderson (@cityofhenderson) February 7, 2018
The Raiders, in addition to the headquarters and practice facility, will also develop a world-class training facility and medical and retail office space as part of a contractually guaranteed $75 million dollar investment into the property. Despite being able to buy the land at half the appraised value, the guaranteed investment, the creation of 250 non-football jobs, and the estimated $22 million in direct and indirect annual spending, more than made it worth the city’s discount to the team. That spending will bring in an estimated $13.8 million dollars in city tax revenue alone. This does not take into account the other development that this project generates, or the tax dollars that generates either.
“The Raiders would like to thank Mayor March, the Henderson City Council, City Manager Bob Murnane and City Attorney Josh Reid for welcoming the Silver and Black to this wonderful community. This is the first step in creating a state-of-the-art permanent headquarters and practice facility in Henderson. We believe that it will continue to establish the organization as a strong business and community partner in Southern Nevada.” – Raiders President Marc Badain.
The plan to develop the parcel is composed of three phases.
Phase one consists of the Raiders headquarters, training facility, and office and retail space on 25-30 acres of the 55-acre parcel. It can start no later than March, 31st 2019, and must be completed by March, 31st 2021. According to Don Webb, Head of the Las Vegas Stadium Company, the HQ and training facility would be completed before the Las Vegas Stadium opened in 2020.
The completion of the sale, and the recruitment of the Raiders to Henderson is not only a win for the taxpayers, but also for March. Add her name to a long list of local and state leaders who have created economic opportunities for their constituents by bringing an NFL Team to southern Nevada.
Phase two and three will further develop the remaining land and the total project must be completed by 2034.