First Free Public Monorail Funded By Private Sector

The Las Vegas Monorail is the world's first free public transportation system to be funded entirely by the private sector.

1 minute read

August 30, 2001, 5:00 AM PDT

By Chris Steins @planetizen

Ground was broken earlier this month on the Las Vegas monorail, described asthe first public transportation system in the world to be funded entirely by the private sector. Financing was generated through tax-exemptnon-recourserevenue bonds tied to the farebox and advertising revenues. The $650millionLas Vegas Monorail Project is scheduled to enter revenue service inearly2004. The system could carry as many as 19 million passengers in itsfirstyear of operation. Starting from Tropicana Avenue the monorail will movepassengers along the Strip to Sahara Avenue. The monorail, which willuse adriverless version of the monorail cars that serve Disney World, willlinkeight hotels with the convention center. A trip will cost $2.50.

Thanks to Dateline APA

FULL STORY: Work Starts on Las Vegas Monorail

Friday, August 17, 2001 in Las Vegas Sun

Transportation Nevada

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