Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Phoenix & Southwest  + Southwest  + Hospitality  | 
Boring Co building two more Las Vegas stations

Musk’s Las Vegas Loop Adding 2 Stations

Each station the Boring Company builds onto its Las Vegas tunnel loop system adds millions of dollars to the investments above. It’s one of the reasons Las Vegas is so eager to build out the project.

The Boring Company’s Vegas Loop is expected to soon expand to near UNLV and Formula One’s Grand Prix Plaza.

The University Center Loop calls for a dual tunnel system between the Las Vegas Convention Center and land near UNLV sandwiched between University Center Drive and Paradise Road. Boring Co. spent $7.1 million to purchase the land directly across University Center Drive from the Thomas & Mack Center.

Currently, the Convention Center Loop is the only operating portion of the Vegas Loop. It cost $47 million to build. Full plans for the system include 93 stations spread out across 68 miles of tunnel spanning portions of the Strip, downtown Las Vegas and neighboring areas.

The Vegas Loop uses Tesla model vehicles, transporting passengers between stations in a point-to-point system.


Inside The Story

The Boring Company

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development