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Las Vegas approves a $48.6 million contract with Elon Musk’s Boring Company

The Verge Wednesday, 22 May 2019
Las Vegas approves a $48.6 million contract with Elon Musk’s Boring CompanyThe Las Vegas Convention and Visitors Authority held a vote today, where it approved a $48.6 million contract with the Boring Company, Elon Musk’s tunneling venture. The Boring Company’s underground “people mover,” the LVCC Loop, will consist of two tunnels for vehicles and three stations, as well as a pedestrian tunnel.

The project is expected to be complete in time to be used at the Consumer Electronics Show in January 2021, LVCVA told me in March. Then, Musk got on Twitter and suggested the project could be running by the end of the year. The public contract suggests that tests will start by November 2020. Regardless of the completion date, two-thirds of the money in the contract won’t be paid until the project is complete.

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News video: Las Vegas Votes In Boring Company's Tunneling Project For $48B

Las Vegas Votes In Boring Company's Tunneling Project For $48B 00:41

Digital Trends reports Elon Musk’s Boring Company will soon be tunneling its way beneath Las Vegas. The Las Vegas Convention and Visitors Authority voted on Wednesday to award the Boring Company a $48.6 million contract to build the LVCC Loop, a high-speed subterranean transportation system...

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