
Boring Company’s Vegas Strip Loop Nearing Final Approval
Casino operators have said above-road surface congestion is stymying growth opportunities at the ever popular venue. The newly drilled tunnels will drastically reduce drive times around the heavily congested Las Vegas Strip, and for the users fares will be somewhere between an Uber ride and a bus ticket.
The underground loop being built by Elon Musk’s Boring Company will allow Tesla programmed vehicles to travel over 100 mph through the underground tunnel with no congestion. It’s expected to receive full approval at the June 2 Las Vegas City Council meeting.
The cost of the project is being funded by the Las Vegas Convention and Visitors Bureau, the casinos who will have stops along the way and the Boring Company, who will be tasked with operating the system and receiving the revenue generated by the rides.
At full build-out, the Loop will have 51 stations and take 57,000 passengers an hour.
- ◦Development
- ◦Policy/Gov't