Elon Musk is buying more land for the Vegas Loop, and soon there will be trucks
Elon Musk’s The Boring Co. (TBC) has purchased more land as it continues to expand its people-moving Vegas Loop. TBC paid $7.2 million for the property, which sits on less than 2 acres across from the Thomas & Mack Center on Paradise Road, according to Clark County records. It will be part of the University Center Loop connection from the Las Vegas Convention Center to the planned University of Nevada Las Vegas.
Last July, TBC purchased 1.4 acres on Valley View Drive near Chinatown for $3.7 million, and in 2022 it purchased two properties on the Las Vegas Strip south of the Strip real estate.
TBC only needs to purchase the land where it wants to build the Vegas Loop station. There is no need to pay a fee to the property to walk through them underground without stopping.
Casino resorts and other businesses are expected to bear the cost of building and operating their stations because it will bring in more visitors.
According to TBC, the current Vegas Loop plan, once completed, will require the construction of 93 stations across 68 miles of tunnels from the southern Las Vegas Strip to downtown Las Vegas.
Currently, the only operating portion of the system is the Convention Center Loop, which carries passengers between the Las Vegas Convention Center and four concourses at Resorts World. The cycle is free to conference participants. Once the tunnels open between resorts, a fee will be charged per mile.
Tesla Cybertruck
It was announced earlier this month that the Tesla Cybertruck will soon join the Vegas Loop, pending approval from Clark County. The system's current fleet consists solely of Tesla sedans, each of which can seat three passengers and a human driver. This was necessary because Musk never brought to market the self-driving software he promised when seeking funding for the project.
The new truck can accommodate six passengers in two rows of seats, with a seventh passenger and driver in the front.
In 2019, when TBC finalized a $48.7 million contract with the Las Vegas Convention and Visitors Authority (LVCVA), the company promised to build a "rapid public transit system" with self-driving shuttles that would carry passengers at speeds up to 155 mph. Renderings of the space shuttles show them carrying 18 passengers.
The LVCVA website currently only promises "future vehicle seating for up to 12 people," which is estimated to be around six passengers. Additionally, vehicles on the Vegas Loop currently only travel at a top speed of 40 miles per hour, with an average speed of 29 miles per hour.
The Vegas Loop will only use vehicles made by Musk’s other company, Tesla. This has led some critics to call the system "Tesla in the tunnel" or "the world's most expensive car ad."
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Source: www.casino.org
