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Las Vegas Monorail Bought by Las Vegas Convention & Visitors Authority

Infra News - Published on Fri, 11 Sep 2020

Image Source: Las Vegas Monorail
The idled Las Vegas Monorail is being bought by the local tourism authority, which plans to arrange the system’s second Chapter 11 bankruptcy in 16 years. The Las Vegas Convention and Visitors Authority approved, by a series of 12-1 votes, spending USD 24.26 million to acquire the 3.9-mile elevated train system from the not-for-profit Las Vegas Monorail Co. Officials said management and operations would change after the purchase by the authority, which also owns and operates the convention center. The system, which cost USD 650 million to build, shut down in March because of the COVID-19 pandemic. It makes six north-south stops, including at the Las Vegas Convention Center and several hotel-casinos east of the Las Vegas Strip.

The monorail began operations in July 2004. But it shut down two months later amid problems, including parts falling from the elevated track. It resumed operating that December. Ridership never met builders’ projections, peaking at nearly 8 million annually before the major recession that began in 2007. In recent years, ridership has fallen to less than 5 million a year. The corporation reorganized after filing Chapter 11 protection in 2010 and emerged from bankruptcy two years later.

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Posted By : Yogender Pancholi on Fri, 11 Sep 2020
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