Shortened Convention Center Loop Operating Agreement by LVCVA

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The Las Vegas Convention and Visitors Authority will shorten its operating agreement with The Boring Co. to operate and maintain the Convention Center Loop underground transit system.

Board members voted 11 to 1 to spend up to $4.5 million on a one-year deal with Boring from July 1 to June 30, 2023. Las Vegas Mayor Carolyn Goodman said voted alone against approval. The LVCVA may terminate the agreement subject to four months’ notice.

The Board of Directors approved Loop’s first O&M agreement on January 12, 2021. The initial term of the agreement runs from February 1, 2021 to June 30, and provides for an extension for an additional five years. .LVCVA staff is requesting a one-year extension instead of the five years envisioned in the original approval.

LVCVA President and CEO Steve Hill said there are opportunities to reduce system costs if stand-alone operations and contractual reductions in system overhead occur as Boring builds the larger loop. Vegas. This will include 18 miles of tunnels and 51 planned stations with routes through the station corridor, to Allegiant Stadium and Harry Reid International Airport.

The LVCC Loop system is designed for 4,400 passengers per hour with three stations, while Vegas Loop targets 57,000 passengers per hour.

This is a developing story. Check back for updates.

Contact Richard N. Velotta at [email protected] or 702-477-3893. To follow @RickVelotta on Twitter.

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