Elon Musk’s The Boring Company (TBC) bought a new tract of land in Las Vegas as the company looks to expand its Vegas Loop underground transportation system.
A TBC affiliated firm, Object Dash, purchased a 1.8-acre parcel of land across the street from the Thomas & Mack Center, a multipurpose arena located on the campus of the University of Nevada, Las Vegas (UNLV). The acquisition cost $7.2 million according to Clark County Records and was first reported by the Las Vegas Review-Journal.
The acquisition is the company’s latest as part of its Vegas Loop project, with this particular parcel intended to help connect UNLV with the Las Vegas Convention Center.
TBC says on its website that Clark County and the City of Las Vegas have approved 68 miles of tunnel and 93 stations for the Vegas Loop, which would link the Las Vegas Convention Center with casinos on the Strip, Allegiant Stadium, downtown Las Vegas and Harry Reid International Airport.
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