Las Vegas bets on Elon Musk’s Boring Company for tunnel project (Reports).
An Elon Musk-led company could build an underground people mover at the Las Vegas Convention Center.
The Las Vegas Convention and Visitors Authority announced Wednesday it will recommend choosing The Boring Company for the project, described as a loop of underground tunnels that would carry people in autonomous electric vehicles.
The LVCVA’s board of directors will vote on whether to approve the project at its meeting on March 12. A press conference is scheduled for later Wednesday.
“The selection of The Boring Company for the Las Vegas Convention Center’s on-property, guest transportation solution leads the way to the evolution of transportation overall in Southern Nevada,” Steve Hill, the CEO and president of the LVCVA, said in a statement.
Steve Davis, president of The Boring Company, said the loop could be in use within a year of approval.
The project could cost between $35 million and $55 million, according to the LVCVA. Another board meeting would have to give final approval for the contract and design.
The Boring Company has already built a test tunnel in Hawthorne, California.
The Las Vegas Convention Center is undergoing an expansion as well that would have the space reach 200 acres.