The Las Vegas Convention and Visitors Authority is considering raising funds to renovate the Las Vegas Monorail to keep it running while work progresses on the Boring Co. underground transportation system.
The monorail originally opened in 2004 and needs an estimated $12M to remain functional until at least 2035. Future LVCVA board meetings will release more information regarding what renovations are to be planned.
Currently, plans include replacing the train control system, which will be the most expensive renovation and is estimated to be between $6M-$8M. Plans are also being considered to replace the ticket vending machines and transition to a ticketless and cashless system.
The Boring Co.’s transportation system will likely leave the monorail financially unviable, so the Authority is planning to extend its life to the point where the Boring Co. is close to its full build out.
Project History
The monorail was purchased by the Authority in 2020 for $24M. The system originally cost $650M to construct and stretches for 3.9 miles. The Authority believed the monorail could last until 2030 when it purchased it.
An outside firm was hired to operate the monorail. The firm was also in charge of overseeing performance and implementing improvements to its operation.
The six stations covered by the monorail reach the MGM Grand all the way to Westgate. The system has provided a positive cash flow and increased ridership over the years. (Source)
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