Wednesday, 6 March 2019 | Source: LVCVA
LAS VEGAS — The Las Vegas Convention and Visitors Authority (LVCVA) on March 6, 2019 announced a recommendation to select The Boring Company (TBC). TBC is to design, construct and operate a people mover for the Las Vegas Convention Center. All via a loop of underground express-route tunnels. Ones that could carry passengers in autonomous mode. Thereby in electric vehicles at high speeds. Upon approval by the LVCVA Board of Directors on March 12, the project would be another first for Las Vegas. More importantly, it will have the potential to connect Downtown, the Las Vegas Convention Center, the Las Vegas Boulevard Resort Corridor, McCarran International Airport and beyond.
“Selecting The Boring Company for the Las Vegas Convention Center’s on-property, guest transportation solution leads the way to evolving transportation overall in Southern Nevada,” said LVCVA President and CEO, Steve Hill.
Currently in the midst of an expansion, the Las Vegas Convention Center will span 200 acres when complete. Most noteworthy, in time for CES in 2021.
How amazing that Conventioneers walking the facility will log about two miles from end-to-end. Hence 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 million convention attendees annually. The Regional Transportation Commission of Southern Nevada carries about 12 million passengers per year. That’s within the Las Vegas Boulevard Resort Corridor.
“We are excited to work with the LVCVA to give a world-class mass transit system in Las Vegas,” said Steve Davis, president, The Boring Company. “Upon approval, it can be in use by Las Vegas Convention Center guests within one year, supporting the LVCVA’s expansion timeline.”
Founded by Elon Musk, TBC is a leader in innovative transportation technology. Its projects include a Research and Development (R&D) Test Tunnel in Hawthorne, California. The R&D Test Tunnel represents a fully working.
1.14-mile Loop system that cost less than $10 million per mile including internal tunnel infrastructure.
Pending the LVCVA Board’s approval during their March 12 meeting, TBC and the LVCVA would decide specific design, construction and operational plans and negotiate a contract for final approval by the LVCVA Board in a later meeting anticipated by June 2019. The estimated physical impact of the potential project is $35 to $55 million.
Tourism is the engine that drives Southern Nevada’s economy. Also it’s one of the greatest opportunities for continued growth is business travel. So through expanding and renovating the convention center coupled with innovations in efficiently and effectively moving locals and visitors within the destination. Therefore, Las Vegas will not only keep its status as the No. 1 conventions city. It will also ensure the economic future of the entire destination.
Overall, the tourism industry continues to be crucial to Southern Nevada’s economy generating $58.8 billion in total economic impact. That’s why we love supporting 391,000 jobs and $16.4 billion in local wages and salaries. These jobs represent 41 percent of Southern Nevada’s total workforce.
The Las Vegas Convention Center hosts 21 percent of convention attendees traveling to Southern Nevada directly supporting about 8,600 jobs, paying $375 million in wages and salaries.
Including indirect and induced impacts, the Las Vegas Convention Center’s attendees generate nearly $2.1 billion. $2.1 billon in economic impact throughout the local economy.
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 extra $2.1 billion in economic activity. Combined and during construction. Upon completion will have an annual incremental economic impact of $810 million. While attracting more than 600,000 visitors each year.
Las Vegas hosts upwards of 22,000 meetings, conventions and trade show annually.
The destination boasts nearly 12 million square feet of meeting space. Also including three of North America’s ten largest convention centers. As well as a wide array of event, dining and entertainment venues. All 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. That’s for the 24th consecutive year for hosting 47 of the top 250 largest trade shows in North America.
The Las Vegas Convention Center supports 13,800 local jobs and $2.1 billion in local economic impact.
The Las Vegas Convention Center hosted 56 conventions in 2018. Most noteworthy with a combined attendance of 1.3 million people.
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 about 12 million square feet of meeting and show 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 or www.visitlasvegas.com