The Las Vegas Monorail has been purchased by the Las Vegas Convention and Visitors Authority for about $24 million.
The motion passed with the approval of all board members present with the approval of all members except Las Vegas Mayor Carolyn Goodman.
The Las Vegas Monorail which has been closed since March would most likely enter bankruptcy with a pre approved package and then the LVCVA will take over.
The deal also ends the non compete clause that protected the Las Vegas Monorail on the Strip so you could see competing transportation systems on the Strip.
Another piece of information that came out was the current trains have an 8 to 10 year lifespan and are no longer being made. To replace the trains could cost $200 million which the LVCVA has no interest in doing so the system would most likely close at that point.
The purchase of the Las Vegas Monorail means the system will restart at some point and, survive the next 8 to 10 years which is a good thing for the visitors to Las Vegas that use it.
The addition of the new station next to the Sands Convention Center and the Sphere which is under construction should also help traffic eventually.
The talked about extensions to the Mandalay Bay and the airport or downtown seem less likely but in Las Vegas anything is possible.