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Raiders close purchase on 62-acre stadium site in Las Vegas

The Oakland Raiders have closed on the purchase of 62 acres west of the Mandalay Bay resort clearing a hurdle in the team’s bid to relocate to Las Vegas and build a stadium in time for the 2020 NFL season. The purchase price disclosed in documents posted Monday morning on the Clark County Recorder’s Office website is $77.5 million. Early estimates projected the Raiders would spend $100 million for stadium land.