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Land Around Las Vegas Stadium Increasing in Value

Land around the new Raiders stadium is increasing in value - in some cases 12-fold. A small industrial site across from the stadium construction site has recently sold for $6.5 million. If developers plans come through, the land will eventually become a mixed use entertainment spot - although no plans have been filed. The sale of the l;and on Polaris Avenue amounted to $3.15 million per acre — roughly 12 times the average price of land in the valley this year as tracked by Colliers International.