The Las Vegas Raiders area already able to chalk up a victory this year after selling their unfinished Henderson, Nevada, headquarters for $191 million — more than 30 times what the purchase price — and leasing it back.
The buy-back deal is gaining popularity around the country and numerous deals of theatnature have happened in the Las Vegas area recently. The Raiders’ move is notable since some argue they pulled a massive real estate flip at taxpayers’ expense.
In February 2018, the Henderson City Council unanimously approved the sale of 55 acres of land near the Henderson Executive Airport for $6.