The Nevada System of Higher Education Board of Regents approved a Vegas Loop station on the University of Nevada, Las Vegas campus during its June 22 meeting.
The Boring Company is the developer behind the Vegas Loop project, which consists of 104 stations across 68 miles primarily connected via underground tunnels. The Vegas Loop is expected to be completed sometime between 2028 and 2029. It has appeared in several NVBEX articles.
A station was previously denied at the site, as UNLV representatives were concerned parking would be difficult to enforce. More specifically, officials were worried the parking lot would turn into a sort of park-and-ride for airport patrons.
As parking services at the University are not connected to the Nevada Department of Motor Vehicles, tickets issued within UNLV borders are not enforceable outside its boundaries.
The Board of Regents approved four separate agreements between UNLV and The Boring Company. The approval was nearly unanimous, with Regent Aaron Bautista as the only Regent standing against its approval.
UNLV will keep 100% of the parking revenue generated by the station. It will also receive part of the revenue tied to concessions and advertising inside its station. The agreement between the company and the University has a 50-year term.
Students will receive a discount of at least 25%, while other workers will get a discount of at least 10%.
If fully approved, UNLV will take ownership of the station and refrain from paying operating fees, construction fees and any other expenses that may arise aside from standard insurance for improvements. This includes staffing and security, which will be the responsibility of The Boring Co.
Students and faculty have shared concerns, highlighting controversies that have plagued the developer. These range from environmental concerns, such as brightly colored drilling fluid piling up at the surface, to labor violations like chemical burns received in the tunnels. Project representatives argued the company undergoes Clark County Water Quality inspections. (Source: Las Vegas Sun)
