Las Vegas monorail may soon become public property
Posted: Aug 12, 2020, 11:26 a.m.
Last update on: Aug 12, 2020, 1:32 a.m.
The Las Vegas monorail may soon become the property of the region’s tourism agency and eventually become part of the Boring Company’s underground tunnel system.
At this week’s Las Vegas Convention and Visitors Authority (LVCVA) meeting, CEO Steve Hill asked board members to reserve September 1 from 3 p.m. to 5 p.m. on their calendar. The agency’s chief executive said the special meeting should consider purchasing the monorail.
Our conversations with the monorail continue and there are several steps in this process that need to take place, including agreements with [Clark] County,” Hill explained. “We’re trying to line up these steps so that they make sense and get done quickly, so we may need to call a board meeting.”
The Las Vegas Monorail opened in 1995 as a free shuttle between Bally’s and MGM Grand. Today, the driverless monorail has seven stations, transporting people from the Sahara to the northern end of the Strip all the way south to the MGM Grand.
It is the only private public transportation system in the United States. Hill revealed last month that LVCVA had entered into negotiations with the Las Vegas Monorail Company.
The future of Musk’s journey
The Las Vegas monorail remains closed due to COVID-19. It hasn’t worked since March 18.
“We are working diligently with local authorities and our resort partners on our reopening date. We will announce it soon! the company said on June 11.
When the monorail reopens, it could very well be owned by the LVCVA. Hill said a key decision in acquiring the transportation asset is that it would allow the agency to remove a non-compete clause the Monorail holds on other public transportation projects on the Strip.
Billionaire Elon Musk’s Boring Company has already built two tunnels under the Las Vegas Convention Center, which is owned by LVCVA. The $ 52.5 million network includes three stations, reducing an approximately 15-minute walk through the resort to just one minute.
Passengers will be transported underground in a Tesla Model 3 or Model X vehicle at 35 MPH. Known as the Convention Center Loop, the underground network is expected to open in January.
Musk confirmed in June that Boring was considering expanding the loop to nearby Wynn and Resorts World, and potentially to McCarran International Airport.
Key person mover
Las Vegas remains a shell of its pre-coronavirus self. Several recent visitors said Casino.org that taking a taxi is not an easy task.
We’ve heard complaints that it takes up to 30 minutes to wait for an Uber or Lyft as fewer drivers take to the streets due to limited demand. An improved public transportation network, with the monorail and Convention Center Loop joining forces, would help move people better around Sin City. It would also be safer.
According to the National Safety Council, drivers in Las Vegas are 21% more likely to be involved in an automobile accident compared to the national average. It is estimated that residents have an accident every eight years.
Las Vegas also leads the nation in DUI-related accidents.