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LVCVA Acquires Assets of the Las Vegas Monorail Company 11 December 2020 Las Vegas Convention and Visitors Authority (LVCVA) closed on its transaction to acquire the assets of the Las Vegas Monorail Company, preserving an important transportation option in Las Vegas and ensuring it can operate in the coming years. The U.S. Bankruptcy Court approved the sale on Nov. 24, 2020. The transaction also allows for other transportation options on the east side of Las Vegas Boulevard by eliminating the non-compete area around the monorail system. It further paves the way for the Boring Company’s underground tunnel, the Vegas Loop, to be constructed throughout the destination; pending approval to waive the monorail’s non-compete zone by the LVCVA Board of Directors on December 10. ....
Vegas moves closer to Elon Musk's Boring Company tunnel with monorail acquisition c-mw.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from c-mw.net Daily Mail and Mail on Sunday newspapers.