Newsdeck: Musk’s Boring Co. Takes Step Toward Deal for Las Vegas Transit

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Newsdeck: Musk's Boring Co. Takes Step Toward Deal for Las Vegas Transit By Bloomberg

The Las Vegas Convention and Visitors Authority, a quasi-public body, voted to move ahead on talks with Boring Co., with the goal of voting on a contract by June. Ensuing talks would nail down details like the proposed route and the types of vehicles used for a project that aims to make it easier for visitors to get around Las Vegas’s sprawling convention center. After the addition of a new exhibition hall scheduled to open by 2021, the complex will run two miles in length.

The company has promised to build the tunnel for $30 million to $55 million, agency spokeswoman Jackie Dennis said. She described the price tag as significantly cheaper than the five other proposals reviewed by the agency’s evaluation team. Vegas is presenting itself as the type of place where Boring Co. could move ahead quickly, avoiding headwinds the company has faced in other areas. While a test tunnel opened in the Los Angeles area last year, another proposed project in the region was scuttled after opposition from neighborhood groups. In Chicago, a proposed project’s future is in doubt due to the retirement of its biggest supporter, Mayor Rahm Emanuel.

In Las Vegas, the Convention and Visitors Authority owns the convention center and almost all the land where the proposed tunnel would run, meaning there’s less bureaucracy and fewer required approvals, Dennis said. One portion of the tunnel would likely run under a Clark County street, meaning some additional permissions would still be required.

 

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