Published: Fri, March 08, 2019
Finance | By Loren Pratt

Las Vegas bets on Elon Musk for tunnel transit system

Las Vegas bets on Elon Musk for tunnel transit system

The Boring Company is finding a warm welcome in Sin City, with the Las Vegas Convention and Visitors Authority looking to use the tunneling startup's technology to create a 2-mile transport tunnel on its campus.

"The selection of The Boring Company for the Las Vegas Convention Center's on-property, guest transportation solution leads the way to the evolution of transportation overall in Southern Nevada", says LVCVA chief Steve Hill.

Update: In an email to Ars, Ingrid Reisman, a Senior Vice President of the Las Vegas Monorail Company, wrote: "An internal transportation system on the convention center campus will be a mobility benefit, specifically during the several large conventions that now come to Las Vegas each year and any others that may move here with the expanded facility". If the board approves the proposal, the next step is negotiating design, construction and operational plans for final approval, likely in June. "Our destination thrives on innovation and reinvention and The Boring Company's concept allows us to continue providing the world-class experience our guests and clients have come to expect and move people in an efficient and cost-effective manner with advanced technology".

FBN's Lauren Simonetti with the latest on the Boring Company's Hyperloop. The evaluation team was comprised of representatives from the LVCVA, private organizations including a Las Vegas resort property, and consultants in transportation systems, and automated people-mover construction and operations industries.

Las Vegas attracted roughly 42.2 million visitors in 2018, according to Statista.

The Las Vegas people mover would be Boring's first fully completed commercial project, offering the company an opportunity to demonstrate what it can do beyond the Hawthorne test tunnel. The compound is now in the midst of an expansion and will span 200 acres when completed in time for the 2021 Consumer Electronics Show. Musk offered tours of a rough initial tunnel in December 2018 in Hawthorne, California, under the SpaceX Headquarters.

This undated conceptual drawing provided by The Boring Company shows a high-occupancy Autonomous Electric Vehicle (AEV) that would run in a tunnel between exhibition halls at the Las Vegas Convention Center proposed for Las Vegas.

Including indirect and induced impacts, the Las Vegas Convention Center's attendees generate almost $2.1 billion in economic impact throughout the local economy.

The service within the convention center is expected to be free for people attending events.

The meeting and convention business is increasingly important for Las Vegas' bottom line. The city is notorious for gridlock every year during CES.

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