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Financial expert weighs in on potential underground Las Vegas Loop extension

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Posted at 9:35 PM, Oct 13, 2020

LAS VEGAS (KTNV) — A financial expert is weighing in on the possible extension of an underground transportation system to the Las Vegas Strip.

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13 Action News Financial Advisor Steve Budin believes The Boring Company will need to learn from the mistakes of the Las Vegas Monorail to make the system work.

“Unless you’re going to have an underground system going to the airport, I don’t see how it could work,” Budin said.

McCarran International Airport is somewhere the monorail still doesn’t go, but the Loop hopes to.

Beyond the Las Vegas Convention Center, a map of the possible Loop route shows stops along the Las Vegas Strip, at Allegiant Stadium and downtown.

The current monorail system which runs along the east side of the Las Vegas Strip from the Sahara Hotel to the MGM Grand has been a quick ride option for years.

However, expansion plans to Mandalay Bay Resort and McCarran Airport never happened.

Last month, the Las Vegas Monorail Company filed for Chapter 11 Bankruptcy, and since the beginning of the pandemic the monorail's tracks have been quiet.

Budin says the Loop could be a successful alternative.

“An underground transportation system will certainly be successful, many major cities in the world have subway systems,” Budin said.

Budin says this would also be a move that hotels and casinos would likely support because moving people would be made a lot easier and quicker.

“The speed at which you can move people around is greater than on the surface streets and if there are more stops people can get on and off,” Budin said.