Home Headline News Elon Musk’s Underground Transportation System

Today, the Las Vegas Convention and Visitors Authority (LVCVA) provided a first look inside Elon Musk’s innovative underground transportation system located beneath the Las Vegas Convention Center (LVCC) campus. The first-of-its-kind transportation solution, named the Las Vegas Convention Center Loop, is operational and will be available when LVCC welcomes its first major convention, World of Concrete, in June 2021.

The $52.5 million system will serve as a fun and quick way to move convention attendees throughout the more than 200-acre campus, all 40 feet beneath the ground in all-electric Tesla vehicles. Plans have been announced to develop an expanded system throughout the resort corridor, known as the Vegas Loop, which will ease traffic congestion and offer a new transportation option for visitors from as far north as Downtown Las Vegas, throughout the Strip and as far south as Allegiant Stadium.

“We are excited to have partnered with Elon’s company to bring this transportation ‘first’ to our valued convention customers,” says Steve Hill, LVCVA president and CEO. “The expanded Loop system, when developed, will be a game-changer and a new ‘must experience’ attraction for our visitors.”

The company constructed two one-way, .8-mile vehicular tunnels and three passenger stations to connect the existing convention center campus to the 1.4 million square foot West Hall expansion. The system will allow up to 4,400 convention attendees per hour to be whisked across the sprawling campus in just under two minutes, free of charge. By foot, the walk would take approximately 25 minutes. Instead, passengers are carried in all-electric Tesla vehicles to their destination. Vehicles have capacity to go 150 mph but will travel at 35-40 mph due to the short distance of the tunnels. The system will be staffed with drivers initially with the plan to operate them autonomously in the future.

“We’re grateful to LVCVA and all local stakeholders for providing us the opportunity to construct our first commercial project in one of the world’s most dynamic destinations,” says Steve Davis, president, The Boring Company.  “We are proud to have developed and delivered an exciting transportation solution to the Las Vegas Convention Center.”

The creation of the underground transportation system was born out of Musk’s desire to solve the problem of traffic gridlock. As a result, the company is focused on building low-cost, fast-to-build underground transportation systems to alleviate traffic congestion. Going underground has several advantages as tunnels are structurally safe, weatherproof, noise-free and can meet growing capacity by easily adding multiple levels.

The LVCVA moved from board approval to the excavation of both tunnels in less than one year, and fully developing the system in a year and a half, proving that Las Vegas embraces new ideas and executes them quickly. The tunnels measure 13.5 feet outer diameter and 12 feet inner diameter. The Loop system includes a command center to monitor the system to assure a safe and comfortable experience.

For more information about the Las Vegas Convention Center and the Convention Center Loop, visit www.vegasmeansbusiness.com.

About the LVCVA
The Las Vegas Convention and Visitors Authority (LVCVA) is charged with marketing Southern Nevada as a tourism and convention destination worldwide and with operating the 4.6 million square-foot Las Vegas Convention Center (LVCC). With nearly 150,000 hotel rooms and 14 million square feet of meeting and exhibit space in Las Vegas alone, the LVCVA’s mission centers on attracting leisure and business visitors to the area. The LVCVA also owns the Las Vegas Convention Center Loop, an underground tunnel designed by The Boring Company and also owns the Las Vegas Monorail, an elevated 3.9-mile system with seven stops throughout the resort corridor. Both transportation systems will operate when conventions reconvene.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

Latest Articles

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.