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The Boring Company will build a 34-mile tunnel network underneath Las Vegas

 2 years ago
source link: https://finance.yahoo.com/news/the-boring-company-tunnel-expansion-las-vegas-080509791.html
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The Boring Company will build a 34-mile tunnel network underneath Las Vegas

Mariella Moon
·Contributing Reporter
Thu, June 16, 2022, 5:05 PM·2 min read
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Ethan Miller via Getty Images

The Boring Company's underground transportation system will be more expansive than what it originally planned. It has just received approval from the city to bring its underground transportation system called the Vegas Loop to city limits. When Clark County Commissioners first approved the Vegas Loop, it was supposed to be a 29-mile tunnel network connecting 51 stations. Now, the network will span 34 miles and have a total of 55 stations, including ones that will serve the Harry Reid International Airport and the Allegiant Stadium.

According to the Las Vegas Review-Journal, Boring Co. President Steve Davis said tunneling in downtown Las Vegas could begin in 2023: "This is step two and there are eight steps for us to be opening. There's a long way to go and a lot of work to do. But if I were to guess on the spot I would guess we'd have machines in (the ground) next calendar year." According to the publication, the downtown stations include the Strat, Fremont Street Experience, the Slotzilla attraction, the Garage Mahal at the Circa Resort and the Plaza Hotel. Boring could add other stations in the future, as well, with each one costing anything in between $1.5 to $20 million to build.

Davis also said a ride from Fremont Street Experience downtown to Reid International would cost about $12 and take around eight or nine minutes. Before Boring's monorail system could shuttle people to and from downtown Las Vegas, though, it has to secure a bunch of permits and design approvals first. As The Verge notes, only 1.7 miles of the Vegas Loop are operational at the moment underneath the Las Vegas Convention Center (LVCC). That said, Las Vegas Convention and Visitors Authority CEO Steve Hill said he expects more portions serving parts of the Resort Corridor to be operational sometime in 2023.

Thanks to the entire team at the City of Las Vegas! Great discussion today, and TBC is excited to build a safe, convenient, and awesome transportation system in the City. https://t.co/cZUMFR0UCZ

— The Boring Company (@boringcompany) June 15, 2022


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