LVCVA Board of Directors Approves Contract with Elon Musk’s The Boring Company
LAS VEGAS – The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors on May 22, 2019, approved a $48,675,000 contract with Elon Musk’s The Boring Company (TBC)
to design and construct a people mover for the Las Vegas Convention Center that could rapidly and safely carry passengers in autonomous electric vehicles via a loop of underground express-route tunnels.
“Las Vegas will continue to elevate the experience of our visitors with innovation, such as with this project, and by focusing on the current and future needs of our guests,” said Steve Hill, LVCVA CEO and president.
The LVCVA Board of Directors approved the total contract value of $48,675,000. The contract highlights three underground passenger stations, a pedestrian tunnel and two vehicular tunnels with an expected total length of approximately one mile. Other essential system components include:
- An elevator/escalator system for passenger access to each station
- Pedestrian entrances, exits, coverings from the elements and landscaping
- Tunnel lighting, power and video surveillance systems
- A fully equipped control room
- Cell phone, WiFi, intercom/PA, remote data and ventilation/life safety systems
“The Boring Company is excited to contribute to the future of Las Vegas, and work with leaders who have a vision for transportation,” said The Boring Company President Steve Davis.
The LVCVA’s approval of the TBC contract is a result of a multi-step process that started in 2018 with a request for information to gauge interest. A request for proposal was then issued. Interviews with the selected finalists were conducted by an evaluation team who determined the recommended company. The evaluation team was comprised of representatives from the LVCVA, private organizations including a Las Vegas resort property, and a consultant with experience in transportation systems, construction and operations of automated people-moving systems.
TBC’s contract calls for an underground loop system that offers reduced total costs, less disruption to pedestrian and vehicle traffic, and faster construction time than traditional at-grade or above-ground options while maximizing passenger and pedestrian safety. The loop will be designed for ridership of at least 4,400 passengers per hour and is scalable depending on Las Vegas Convention Center attendance.
Currently in the midst of an expansion, the Las Vegas Convention Center will span 200 acres when complete in time for CES in January 2021. Conventioneers walking the facility from end to end would log approximately 1.5 miles creating the need for an on-property guest transportation solution. In 2018, Las Vegas had more than 42 million visitors. The Las Vegas Convention Center hosts more than 1.6 million attendees annually.
Overall, the tourism industry continues to be crucial to Southern Nevada’s economy generating $60 billion in total economic impact, supporting approximately 383,000 jobs and $16.4 billion in local wages and salaries. These jobs represent 39 percent of Southern Nevada’s total workforce.
For a gallery of images and video from today’s announcement, The Boring Company’s proposed Las Vegas Convention Center Loop conceptual designs and the Las Vegas Convention Center Expansion construction images and b-roll, click here.
Las Vegas as a Business Destination
- The Las Vegas Convention Center hosts 19.5 percent of convention attendees traveling to Southern Nevada directly supporting approximately 8,750 jobs, paying $385 million in wages and salaries.
- Including indirect and induced impacts, the Las Vegas Convention Center’s attendees generate nearly $2.2 billion in economic impact throughout the local economy and support approximately 13,800 jobs.
- The Las Vegas Convention Center expansion and renovation are expected to support nearly 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion.
- The project will generate an additional $2.1 billion in economic activity during construction and upon completion will have an annual incremental economic impact of $810 million while attracting more than 600,000 visitors each year.
- Las Vegas hosted more than 6.5 million convention and meeting attendees in 2018.
- The destination boasts nearly 12 million square feet of meeting space including three of North America’s ten largest convention centers, in addition to a wide array of event, dining and entertainment venues that are also used for group business.
- Trade Show News Network recently recognized Las Vegas as the No. 1 trade show destination in the country for the 25th consecutive year for hosting 48 of the top 250 largest trade shows in North America.
- The Las Vegas Convention Center hosted 56 conventions in 2018.
ABOUT THE LVCVA
The Las Vegas Convention and Visitors Authority (LVCVA) is charged with marketing Southern Nevada as a tourism and convention destination worldwide, as well as operating the Las Vegas Convention Center. With nearly 150,000 hotel rooms in Las Vegas alone and approximately 12 million square feet of meeting and exhibit space citywide, the LVCVA's mission centers on attracting ever increasing numbers of leisure and business visitors to the area. Download the virtual reality app, Vegas VR, to experience Las Vegas from your iPhone or Android by visiting http://www.vrtv.vegas/
. For more information, go to www.lvcva.com