Consortium foreclosed on 62 acres in 2009

The 62 acres identified as the top choice for a $1.9 billion, 65,000-seat domed football stadium is being sold by a consortium of banks that foreclosed on the land in 2009.

The Oakland Raiders reportedly have an option to buy four parcels between Russell Road and Hacienda Avenue between Polaris Avenue and Dean Martin Drive. It’s just west of Interstate 15 and Mandalay Bay.

The sale includes parcels that include 29.2 acres on the south portion, 26.51 acres on the north portion, a 4.16-acre lot on the northwest corner and a 2.71-acre lot on the northeast corner. The unoccupied land had a listed value of $40 million, but the Raiders have not announced a purchase price.

The Raiders are partnering with Las Vegas Sands Corp. and Majestic Realty to build a stadium in Southern Nevada. The Raiders would ask the National Football League for permission to relocate the franchise from Oakland to Las Vegas if a stadium could be built.

In Thursday’s meeting of the Southern Nevada Tourism Infrastructure Committee, the Raiders indicated their intent to spend $375 million on land, infrastructure and site costs.

The managing members of Nevada Land Group LLC, as STADIUM,