The Boring Company 's biggest tunnel project yet is moving forward.- It's a 29-mile-long network of tunnels beneath the
Las Vegas Strip.
Nevada's Clark County on Wednesday approved plans for the
The Boring Company aims to cut down on traffic in cities by building underground roadways serviced by fleets of
Critics have said that the tunnel systems are nothing more than a less efficient version of a subway.
-Clark County Nevada (@ClarkCountyNV) October 20, 2021
The new Vegas Loop will comprise 51 stations around Las Vegas and accommodate 57,000 passengers per hour, The Boring Company says. There will be stops at many of the city's iconic casinos and the city's new stadium. It's intended to be a point-to-point system, where passengers can go straight to their destination without stopping at each station in between, the Las Vegas Review-Journal reports.
The Loop won't require any taxpayer funds. The Boring Company will foot the bill for construction and pay a quarterly fee to the county based on how much money it makes on fares, according to the outlet.
The project, years in the making, is a big win for The Boring Company, whose plans in some other cities like Los Angeles and Chicago never materialized. It's also a success for the rest of the Musk ecosystem, which will require a large fleet of Tesla vehicles and will introduce thousands of potential customers to the electric vehicles.
The tunneling firm is also in talks to build a transit system in Fort Lauderdale, Florida.