Clark County approves The Boring Co.’s transit loop beneath Las Vegas – Construction Dive

Dive Brief:

The Boring Co.'s first commercial project was in Las Vegas, constructing the roughly 1-mile-long loop at the Las Vegas Convention Center for $52.5 million. This system, which was completed in February 2020, will connect to the proposed loop.

No price for the larger loop has been disclosed, and the entire project will be privately funded by The Boring Co., which is owned by entrepreneur Elon Musk. Before it can build out stations, the company will need to get separate permits for each of the stops along the strip. The construction will be done in phases, according to company president Steve Davis. Once a station is complete, it will come online.

Early plans indicate building out as many as 10 stations within the first six months of construction beginning. After that, The Boring Co. would add 15 to 20 stations each year until the project is complete.

When finished, the project is expected to transport 57,000 passengers an hour, Davis told the Review-Journal. A 3.6-mile ride from the Las Vegas Convention Center to Allegiant Stadium would take roughly four minutes and cost $6.

The Boring Co. has three years to complete construction. Thereafter, the company will need to pay the county a quarterly franchise fee based on revenue.

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Clark County approves The Boring Co.'s transit loop beneath Las Vegas - Construction Dive