The Las Vegas Convention and Visitors Authority is recommending that Elon Musk's Boring Company design, construct and operate an underground people mover on its conference center campus.
The meeting and convention business is increasingly important for Las Vegas's bottom line. Of the 43 million visitors the city had last year, 6.6 million of them come for meetings. And they come during the weekdays, driving demand in dining, entertainment and gaming. An efficient, high-speed people mover at the convention center might be just the start.
It's also working on projects in Los Angeles, Chicago and Maryland. Despite fanfare and optimism that accompanied the announcements in those locales, the projects have been stymied by layers of bureaucracy, opposition from not-in-my-backyard opponents and concerns that mega-tunnels could take on the mega-price tag and mega-annoyance of massive projects like the Big Dig in Boston or the Second Avenue Subway in New York City.
Davis said right now the company fields between three to five inquiries per week from towns, cities and other regions interested in the Boring Company's underground transportation system.
OK, I guess😂
It's going to be interesting one that boring mechanism hits the fracking lines.
Jobs jobs jobs!
Well, sin is boring.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »