weather icon Clear

Former Raiders president Badain sells Vegas home for $4.1M

Former Raiders President Marc Badain has sold his Southern Highlands home four months after he resigned from the organization.

Badain and his wife, Amy, sold the home that sits on 0.63 acres in the prestigious Olympia Ridge neighborhood for $4.1 million, almost double the $2.13 million the couple paid for the property in 2019, according to Clark County property records.

The listed buyer is Diane Olsofka Wallace under the Wallace Diane Olsofka Revocable Trust, with the sale finalized Nov. 3, property records show.

The 6,250-square-foot, two-story home features six bedrooms, five-and-a-half bathrooms, a pool and a spa.

The couple purchased the house ahead of the Raiders relocating to Las Vegas in 2020.

Badain was a key figure in the construction of Allegiant Stadium and the team’s Henderson headquarters and practice facility.

Badain resigned abruptly from his position with the Raiders in July. Team owner Mark Davis later noting the move could be deemed “forced” after Badain and two other former team executives were tied to accounting irregularities. Dan Ventrelle was tapped to be the interim president following Badain’s departure.

Badain declined to comment on the transaction.

Contact Mick Akers at makers@reviewjournal.com or 702-387-2920. Follow @mickakers on Twitter

Housing boom not ending in 2022, expert says

Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.