In March of 2017, the National Football League officially approved a plan for the Oakland Raiders to move to Las Vegas. It was one of the biggest news coming out of the NFL in the past decade. This week, it’s being reported that TA Realty has purchased six buildings outside of the New Raiders Stadium in Las Vegas, Nevada.
Many companies are looking to capitalize on this historic move. Now is the perfect time to look at how this team’s move was approved. We’re also going to talk about some options to wager on the upcoming season!
Oakland Raiders’ Long Road to Las Vegas
The Oakland Raiders have a unique and storied history. They became a professional football team in 1960. The team played its first games in Kezar Stadium before a quick move to Candlestick Park. After two years, the team began playing at Frank Youell Stadium, their first home in Oakland.
In 1970, the Raiders officially began playing in the NFL. Interestingly, stadium contract disputes led this team to play in Los Angeles from 1982 to 1994. The Raiders moved back to Oakland in 1995 where they’ve remained since.
Now, the legendary football team is preparing to move to Las Vegas. This city has begun investing into its sports industry for years, notably creating the Las Vegas Golden Knights in 2016. On March 27th, NFL team owners voted 31-1 to allow the Oakland Raiders to move into Las Vegas.
The Raiders are the first major football team to play in Las Vegas. For the past couple of years, the new Raiders stadium, called Allegiant Stadium, has been under construction. Now, a major Boston-based firm looking to profit off the sports venue.
TA Realty Purchases Six Properties Near New Raiders Stadium
Construction on this stadium began in September of 2017. It will hold up to 65,000 people with a domed roof. Mark Davis, owner of the Raiders, states that construction will be completed by July 31st of 2020.
TA Realty, a major real estate firm based in Boston, Massachusetts has announced that it’s purchased six buildings near Allegiant Stadium. Property records show the buildings were bought for $51.1 million. Interestingly, TA Realty claims the buildings are not being used for Raiders-related development plans.
Instead, the buildings will be used as industrial properties with rent-paying tenants. Officials at the Boston firm claim area has “very favorable rent growth” based on its close proximity to the Raiders stadium. As you might expect, this isn’t the only recent property purchase in this location.
Shortly after the Raiders purchased land for Allegiant Stadium, two entire parcels were purchased across the street. Real estate companies have been working hard to purchase additional properties near the new Raiders stadium.
Many analysts feel that more nearby buildings here will go on sale as the construction nears completion. This stadium will bring in thousands of visitors a week, making it one of the hottest new real estate areas of Las Vegas.
Where to Bet on the 2019 NFL Season Online
Las Vegas is known as the gambling hotbed of the United States. Almost all major casinos here operate sportsbooks with odds on the NFL. Fortunately, football fans around the entire country can now place their bets on the upcoming NFL season.
Sites such as Bovada offer US sports fans great odds for every single game. This site is already offering a huge range of incredible wagers for the next season, beginning on September 5th. One of the most popular wagers is on which team will win next year’s Super Bowl.
Unsurprisingly, the New England Patriots at the betting favorites with current odds of +700. The Patriots are one of the most successful teams in NFL history, thanks largely to Tom Brady’s success as a quarterback. The Kansas City Chiefs are ranked as the second-highest betting favorite with current odds to win the Super Bowl at +800.
The Oakland Raiders at massive underdogs this season with odds of just +6000. Perhaps with this being their last season before moving to the new Raiders stadium, the team will pull off a miracle. Check out our Bovada review today to learn more about the amazing casino gambling options available here!