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Las Vegas Monorail sold to Las Vegas Convention and Visitors Authority

Posted at 7:13 AM, Nov 27, 2020
and last updated 2020-11-27 11:30:01-05

A bankruptcy court judge has approved the sale of the Las Vegas Monorail to the Las Vegas Convention and Visitors Authority.

The Las Vegas Monorail corporation filed for bankruptcy after COVID-19 shut it down.

PREVIOUS STORY: Las Vegas Monorail Company files for Chapter 11 bankruptcy protection

As a part of a deal, the LVCVA then filed with the court to resolve the bankruptcy.

The monorail carries about 5 million passengers a year, and generates a little more than $2 million.