The Boring CompanyThe Boring Company
- The tunnel will connect one end of the building to the other, at a cost of $48 million, the city's convention and visitor's authority said in a press release.
- Transit experts have criticized the Boring Company's plans for traffic mitigation as less-than-innovative.
The Boring Company's first project should be completed by the end of the year, CEO Elon Musk said Wednesday.
"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," Steve Hill, LVCVA CEO and president, said in a press release.
Las Vegas is notably the first paying customer to seal a deal with Musk's tunneling venture, after a $1 billion bid to connect Chicago's downtown Loop to O'Hare airport hit the skids. Other proposed projects in Los Angeles and Washington D.C. are also in holding patterns awaiting environmental assessments and other public input.
Transportation experts have criticized Musk's plan for small-scale people movers in smaller-than-usual tunnel diameters as near-sighted and less effective than traditional public transit. In Los Angeles, for example, the proposed system would travel only three miles to Dodger Stadium, and carry far fewer people than a subway or dedicated bus lane.
"His machines that build tunnels look pretty standard. I've not seen anything from him that is different from what other people do except for the smaller diameter," Herbert Einstein, an MIT engineering professor and tunneling expert told Forbes in April 2018.
"What is new, or somewhat new, is that pod, the thing that goes into it and goes over long distances. … This really looks like more a vehicle development, rather than tunnel development."Now read:
Boring Company starts digging Vegas tunnel in 2 months. Aiming to finish by end of year. https://t.co/cSSO4SrpFq
- Elon Musk (@elonmusk) May 23, 2019
Back-of-the-envelope: $1 rides, max 1500 pax/hr. Imagine 3000 pax/game 6000 rides/day. ~220 events/year @ stadium = $1.3 m/year revenue. NPV is positive over 30 yrs (@ 4% discount) only w/ line costing <$23 m.
A 3.6-mile subway w/ 2 stations @ $23 m seems... unrealistic https://t.co/hlk9qPEbRu
- Yonah Freemark (@yfreemark) August 16, 2018