Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

Vegas Raiders Officially Landowners, Future Home Purchased Near Strip

The Las Vegas Raiders have completed their purchase of 62 acres of land between Russell Road and Hacienda Avenue, just west of Interstate 15 plus the famed Strip.

Sold! The 62 acres of land between Hacienda Avenue to the north and Russell path towards the south will act as the future home of this Las Vegas Raiders.

The NFL group bought a total of four parcels for a combined sale price of $77.5 million, or $1.25 million per acre. That is a significant premium for the sellers, as the land’s assessed value was $40 million.

Nevada Land Group, LLC, ended up being the seller, number of banks that acquired the property in foreclose in 2008. The vacant land is adjacent to I-15 behind Mandalay Bay.

The property could be the home that is future of $1.9 billion, 65,000-seat NFL stadium that will be partially built with tax dollars produced from resort remains in Clark County. Along with Nevada’s $750 million commitment, Raiders owner Mark Davis’ franchise shall be regarding the hook for the remaining $1.15 billion.

‘This site wasn’t one of those originally mentioned,’ Michael Parks, a commercial realtor who brokered the deal, told theLas Las Vegas Review-Journal. ‘Through many months of reaching out … and ensuring they were aware this site was available, they decided this was their preferred site. Now that they’ve actually written a check … they could go forward making use of their planning. Continue reading “Vegas Raiders Officially Landowners, Future Home Purchased Near Strip”

UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits

UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits

Roughly 375 UNITE HERE Local 26 labor union people are prepared to hit at the Twin River Casino in Lincoln, Rhode Island, unless their health care benefits are straight away restored.

The time that is next HERE Local 26 members stage a sit in, it might be outside the Twin River Casino.

Beginning in of this year, the union claims Twin River Management, the owner and operator of the casino, reduced healthcare coverage for employees from 100 percent to 80 percent january. The out-of-pocket that is new total over $100,000 for union members alone, according to the local UNITE HERE chapter.

The union took its voice to the actions for the Rhode Island State House yesterday to need reinstatement of their insurance coverage aid.

With about 100 workers in attendance, Local 26 Vice President Jenna Karlin told progressive political blog RI Future, and anybody else prepared to listen, ‘Twin River has seen its share of gaming revenues more than dual in the last seven years to over $225 million. Meanwhile, Twin River Casino cut its employees’ health care coverage.’

In addition to its Lincoln property, Twin River owns the Newport Grand Casino and Hard Rock Hotel & Casino in Biloxi, Mississippi.

Much at risk

Few issues stir up a far more passionate response in America than medical. With rising costs seemingly away from control and the complete lack of bipartisanship in Washington, companies are trying to kee Continue reading “UNITE HERE Casino Union Threatens Strike in Rhode Island Over Healthcare Benefits”