Musk’s Company Granted Approval for 29 Miles of Vegas Tunnels To Combat Traffic: ‘Roads Must Go 3D’

Boring Company, Las Vegas, United States - 08 Jun 2021
John Locher / AP /

Elon Musk doesn’t just have his sights set on the skies above us. In fact, his Boring Company just got the greenlight to go ahead with plans for expanding the “Vegas Loop,” a tunnel that goes under the Las Vegas strip.

LATEST POLL: How Do You Plan To Travel Over the Thanksgiving Holiday?
Explore: What Companies Has Elon Musk Invested In?

“Expanding and moving forward with plans for the “Vegas Loop.” #ClarkCounty Commissioners just approved an agreement with the @boringcompany to establish and maintain a transportation system that will go under the Las Vegas Strip. It will also go to @AllegiantStadm and @UNLV,” Clark County Nevada’s official account tweeted yesterday.

Loop is an all-electric, zero-emissions, high-speed underground public transportation system in which passengers are transported to their destination with no intermediate stops, according to The Boring Company, which also refers to its underground roadway as  “Teslas in Tunnels,” according to its website.

Building Wealth

“Vegas Loop is expanding – 29 miles and 51 stations! Thanks to the Clark County team for the great partnership and to the Commissioners for unanimous approval,” the Boring Company stated in response to Clark Country’s initial tweet.

To “solve the problem of soul-destroying traffic, roads must go 3D,” The Boring Company on its website. “Surface roads today incorporate 3D model-like elevated highways and cloverleaf interchanges that are expensive and disruptive to build. Tunneling networks are 3D and provide high-throughput transportation in an economically viable way. Traffic and congestion will be a thing of the past.”

Interesting: Nearly 40% of America’s Wealthiest Billionaires Give Relatively Nothing to Charity

Other benefits include beautifying cities by minimizing usage of surface area and repurposing roads into community-enhancing spaces. They also have unlimited capacity, as there is no practical limit to how many layers of tunnels can be built. In addition, the tunnels are weatherproof, as rain, snow, wind and surface temperatures do not affect system operation.

Clark County said that the plan approved includes 29 miles of tunnels and 51 stations, with a capacity of 57,000 passengers per hour. In addition, no taxpayer money will be used, according to a tweet. The approval is for a 50-year franchise agreement. The Boring Company President Steve Davis clarified that the system would be built in phases, The Las Vegas Review Journal reported.

Building Wealth

See: Target, Amazon & 4 More Retailers That Will Reward You for Turning in Your Old Stuff
Find: 8 Best Cryptocurrencies To Invest In for 2021

Initial plans call for having five to 10 stations coming online within the first six months once construction begins, Davis said. Then, between 15 to 20 stations would be added each year until full build-out is reached, he said, according to The Las Vegas Review Journal.

More From GOBankingRates

Last updated: October 21, 2021

Share this article:

Building Wealth

About the Author

Yaël Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She also worked as a vice president/senior content writer for major NYC-based financial companies, including New York Life and MSCI. Yaël is now freelancing and most recently, she co-authored  the book “Blockchain for Medical Research: Accelerating Trust in Healthcare,” with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in Journalism from New York University and one in Russian Studies from Université Toulouse-Jean Jaurès, France.
Learn More

Best Bank Accounts for October 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.