LAS VEGAS (AP) — The idled Las Vegas Monorail is being bought by the local tourism authority with plans to arrange the system's second Chapter 11 bankruptcy after 16 years of operation by a not-for-profit corporation.
The Las Vegas Convention and Visitors Authority on Tuesday approved spending $24.26 million to acquire the 3.9-mile elevated train system.
The Las Vegas Review-Journal reports the Clark County Commission also approved the move. The system shut down in March because of the coronavirus pandemic.
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It makes six north-south stops serving the Las Vegas Convention Center and several hotel-casinos east of the Las Vegas Strip.