Nevada Won't Back Vegas Monorail Bonds

Tue August 27, 2019 - West Edition
Associated Press

Planned route for the Las Vegas Monorail Mandalay Bay extension.

The monorail currently connects the Las Vegas Convention Center to stops near several Strip resorts.

LAS VEGAS (AP) Las Vegas Monorail funding and construction plans may be derailed after Nevada Gov. Steve Sisolak declined state backing for $200 million in tax-exempt bonds.

The Las Vegas Review-Journal reports Monorail Co. administrators sought the funds to pay off a recent $13 million loan and to build new stops near the Mandalay Bay resort and the future site of a sphere-shaped arena near The Venetian.

Mandalay Bay is close to the planned 65,000-seat Allegiant Stadium being built for the NFL Oakland Raiders move to Las Vegas in 2020.

The monorail failed to pay back $650 million in state-backed bonds issued to build a 3.9-mi. (6.3-km) track, and it filed for Chapter 11 bankruptcy protection in 2010.

The monorail currently connects the Las Vegas Convention Center to stops near several Strip resorts.

For more information, visit lvrj.com.

Today's top stories

Crews Orchestrate $41.3M Randy Owen Center for Performing Arts Project

January's Mental Wellness Month: Supporting Mental Health in Construction

How Machine Technology Supports Productivity, Safety

NAPA Ends 2024 On High Note

Texas A&M Board Approves More Than $500M for Construction

$33.2M Grant Announced for First Wildlife Crossing Over I-5

Largest Solar Power Facility in U.S. Gets OK in Oregon

VIDEO: Raleigh, N.C., to Try Again at Finding Contractor to Build Its First Bus Rapid Transit Line

Read more about...

funding Las Vegas Nevada

Our Main Office

Construction Equipment Guide
470 Maryland Drive
Fort Washington, PA 19034
800-523-2200

About Us

Construction Equipment Guide covers the nation with its four regional newspapers, offering construction and industry news and information along with new and used construction equipment for sale from dealers in your area. Now we extend those services and information to the internet. Making it as easy as possible to find the news and equipment that you need and want.

Contents Copyrighted 2025, by Construction Equipment Guide, which is a Registered Trademark, registered in the U.S. Patent Office. Registration number 0957323. All rights reserved, nothing may be reprinted or reproduced (including framing) in whole or part without written permission from the publisher. All editorial material, photographs, drawings, letters, and other material will be treated as unconditionally assigned for publication and copyright purposes and are subject to Construction Equipment Guide’s unrestricted right to edit and comment editorially. Contributor articles do not necessarily reflect the policy or opinions of this publication.

Read our privacy policy here.
Mastodon