The Boring Company (TBC), an infrastructure and tunnel construction firm founded by Tesla (TSLA) -) CEO Elon Musk, has reached some big Las Vegas goals.
Those objectives include two major milestones.
DON'T MISS: Huge Las Vegas Strip Event Has a Surprising Problem
It is widely known that transportation issues around the Las Vegas Strip have become a source of discontent.
Hailing taxis or using Uber (UBER) -) and Lyft (LYFT) -) are ways to get to, and move up and down, Las Vegas Boulevard.
Once there, walking to casinos such as MGM Resorts International's (MGM) -) MGM Grand, Caesars Entertainment's (CZR) -) Caesar's Palace and other entertainment venues is famously challenging.
The city's sidewalks have given way in places to walkways and escalators. Taking a straight line has become nearly impossible.
Getty/TheStreet
The Boring Company May Have a Solution
An underground transportation project in the city by Boring Company may have figured out a way to make things easier.
The company submitted a Twitter post that shows a remarkable time-lapse video of the project in action.
Encore project (Prufrock-2) took approx. 10 weeks with the starting point of "arrive at empty parking lot." Mobilization, launch, tunneling (2350 ft), and retrieval. Good step towards building infrastructure projects in a matter of weeks versus years. pic.twitter.com/KF548cvmsX
— The Boring Company (@boringcompany) July 11, 2023
"Two of the Elon Musk-owned company’s digging machines dubbed Prufrock-1 and Prufrock-2, arrived at Encore on the Las Vegas Boulevard and Westgate just off the Strip," reported the Las Vegas Review-Journal.
The project was undertaken in what appears to be a quick and efficient manner, compared to an earlier effort.
"The company noted that it took 10 weeks to mobilize, launch, tunnel 2,350 feet and retrieve Prufrock-2. In comparison, the Boring machine used to begin the Las Vegas Convention Center Loop project, Godot, took 10 weeks just to launch," the publication wrote.
The first iteration of the enterprise opened in 2022. It linked Hilton's (HLT) -) Resorts World to the city's convention center.
Future Plans For Under the Las Vegas Strip
Boring Company's objective is to further dig out a way to provide transportation in both ways along the Strip, stopping at important visiting areas.
"The planned system of 65 total miles of tunnels with 69 stations will include stops at Allegiant Stadium, just about every resort on the Strip, downtown resorts and the Fremont Street Experience, the planned Oakland Athletics ballpark set to be constructed at the site of the Tropicana and UNLV," the Review-Journal wrote. "Longer term goals include linking to Harry Reid International Airport."
The plan to expand the reach of the transportation system will be important to tourists, as visitors may one day be able to avoid taxi fees from the airport that are based on the locations of the places at which they are staying.
Those fees are currently applied to three zones on the Strip.
- Zone 1 is from Sunset Road north to Tropicana Avenue (from $19 to $21).
- Zone 2 is from Tropicana north to Flamingo Road (from $23 to $25
- Zone 3 is from Flamingo north to the Strat (from $27 to $29).
The Review-Journal gave some more details in its report.
The first portion of the Vegas Loop set to be constructed is the Tropicana Loop, which will link the Trop site, Allegiant Stadium and the resorts on the south Strip. There is no time frame for when that work could begin.
The overall project will be built out in phases and then later linked to create a seamless two-way tunnel system that will use Tesla model vehicles in the point-to-point transportation model.
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