LVCVA IN TALKS TO PURCHASE LAS VEGAS MONORAIL

The Las Vegas Convention and Tourism Authority is considering the acquisition of the Las Vegas Monorail. The four-mile route, which runs along the Vegas Strip is currently owned and operated by nonprofit firm Las Vegas Monorail Co.

Since January, the LVCVA has been in talks to buy it, with discussions continuing, despite the forced closure in March due to the Covid-19 pandemic.

“We think that the monorail is an important transportation option when the destination is at full strength,” said Steve Hill, president and CEO of the LVCVA.

“It moves nearly five million per year, and a lot of those people are attendees here at the (Las Vegas) Convention Center.”

Not all the were on board with the idea.

“I would be absolutely opposed to LVCVA funding it. Part of it is because it doesn’t go to the airport or downtown. It very much serves MGM properties, and they were looking at purchasing it in order to take the monorail over to Mandalay Bay,” said LVCVA board member Carolyn Goodman.

LV Monorail Co recently said it hopes to restart the service later this summer.

It had previously announced plans for another station at Mandalay Bay but they have been paused for now due to the pandemic.