It’s fight night in Las Vegas: Elon Musk’s Loop vs the Monorail
The latest bout in Las Vegas is not taking place in a raucous casino boxing ring, but in the hushed rooms of planning committees. The reigning champion, the Las Vegas Monorail, is facing upstart challenger The Boring Company, in a fight to decide the future of Sin City’s urban transportation.
In May, the Las Vegas Convention and Visitors Authority approved a $48.7 million contract for The Boring Company (TBC) to design and build a short underground transit system at the city’s Convention Center, using Tesla electric vehicles running through narrow tunnels.
The ambitious contract calls for the system, called the LVCC Loop, to be up and running in time for the city’s biggest trade show, CES, in January 2021. Over the next 18 months, TBC has to construct one pedestrian tunnel, two 0.8-mile vehicle tunnels and three underground stations, as well as modify and test seven-seater Tesla cars to carry up to 16 people.
TBC has already submitted detailed construction plans to the city for review, which TechCrunch has obtained, and recently raised $120 million in funding. The company hopes to start construction later this summer.
But TBC’s tight deadlines — and the payments it receives by meeting them — could be jeopardized by the Monorail’s concerns that the new tunnels could undermine its own system. To connect two parts of the Convention Center, the Loop will have to burrow directly beneath the Monorail’s elevated tracks.
Read more here:
Leave a Reply