Today, the Las Vegas City Council approved a 50-year non-exclusive agreement with The Boring Company to expand the Vegas Loop to the city limits. The agreement allows The Boring Company to use the City’s right-of-way to construct, operate, and maintain a privately funded underground transportation system. All funding of the project will come from The Boring Company and private properties, no taxpayer funds will be requested. Construction is tentatively scheduled to begin in early 2023.
The Vegas Loop is an underground transportation system design and operate by The Boring Company, which is owned by Elon Musk. Passengers are transported in Tesla Models X and Y. All of the vehicles are battery-powered and have zero emissions. The civic station at the Las Vegas Convention Center opened early this year and has been in use for convention attendees to travel between exhibit halls.
The City's agreement provides a mechanism to generate additional funding that could be used to fund civic stations in support of Downtown Districts and any other tunnel extensions or civic stations the City desires.
For more information, please visit City Council's meeting recap.