The board of the Las Vegas Visitors and Convention Authority voted Wednesday to approve a $48.6 million contract with Musk's tunneling company.
The loop would move people across 200 acres of conference space with two tunnels for vehicles and three stations, according to the contract.
Las Vegas has other mass transit systems, including a monorail that travels along much of the Strip. But the company that operates the monorail went into bankruptcy in 2010, in part, because of low ticket sales. An efficient, high-speed people mover at the convention center might attract even more visitors. Proposals call for an underground loop that connects the entire Las Vegas Strip, McCarren International Airport, the new Raiders stadium and potentially even a route from Los Angeles to Las Vegas.
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