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Raiders purchase site for Las Vegas NFL stadium

The Raiders development company Las Vegas Stadium LLC closed escrow Monday morning on its proposed 62-acre stadium site near Russell Road and I-15.

County Commissioner Steve Sisolak tweeted about the escrow closing.

The @Raiders @NFL have closed escrow today on their proposed 62-acre stadium site near I-15 & Russell Road. pic.twitter.com/0hlj5fBi1c

-- Steve Sisolak (@SteveSisolak) May 1, 2017

Russell Road has been the preferred site since efforts began to find a location for the $1.9 billion stadium. The Clark County Recorder's Office lists the value of the land at $77.5 million.

The Stadium Authority will meet again on May 22.

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