Sam Boyd Stadium was valued at $5 million based on its recent approved sale. This valuation reflects the price agreed upon during its transfer from the University of Nevada, Las Vegas (UNLV) to Clark County.
The Valuation of Sam Boyd Stadium Explained
The exact worth of Sam Boyd Stadium was established when the Nevada System of Higher Education Board of Regents officially approved its sale for $5 million. This transaction marked a significant shift for the former home of UNLV's football team, transitioning its ownership from the university to Clark County.
The sale decision was made during a quarterly meeting of the Board of Regents, solidifying the $5 million figure as its approved market value at that time. This valuation is a direct result of a formal agreement between the university and the county, reflecting a negotiated price for the extensive property.
Key Transaction Details
The acquisition of Sam Boyd Stadium by Clark County represents a notable event in local real estate and public asset management. Here's a summary of the critical aspects of the sale:
| Aspect | Detail |
|---|---|
| Approved Sale Price | \$5,000,000 |
| Seller | University of Nevada, Las Vegas (UNLV) |
| Buyer | Clark County |
| Approving Body | Nevada System of Higher Education Board of Regents |
| Former Primary Use | Sam Boyd Stadium served as the primary home field for the UNLV Rebels football team before the team moved to a new facility. It also hosted various other events, including concerts, motorsports, and other sporting events, contributing to its history as a prominent venue in the Las Vegas area. |
This $5 million figure is specific to the approved sale price and reflects the agreed-upon value between the university and the county at the time of the transaction. For further details on the sale, you can refer to reports from local news sources covering the regents' decision, such as the one published by News 3 LV.
