The Regional Transportation Commission of Southern Nevada is exploring whether or not to assist the Las Vegas Monorail in securing bonds
The Las Vegas Review-Journal reports the company that manages the monorail wants to extend the line from the MGM Grand, where it currently ends, to Mandalay Bay.
The company wants to go through the RTC rather than the open market because it says it can get a better financing deal on any bonds issued by RTC, since the RTC has a better credit rating.
The Las Vegas Monorail Company recently went through bankruptcy proceedings.
The proposed extension would cost around $100 million based on initial projections.
A previous version of this story stated the RTC was exploring giving the Monorail a loan; this has since been corrected.
