• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Dashboard
  • EB5
  • Entertainment
  • feedback
  • Forgot Your Password?
  • Government
  • Home
  • Interviews
  • Login
  • Members
  • Meme generator
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Pick a New Password
  • Politics
  • Polls
  • Privacy Policy
  • Profile
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Submit post
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • About Us
  • Advertising
  • Contact
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Travel

Monorail to use interest money to kick-start expansion to Mandalay Bay

Monorail to use interest money to kick-start expansion to Mandalay Bay
N&V Staff
May 8, 2016
Las Vegas Monorail's expansion to Mandalay Bay is nearing to actualization after Clark County commissioners voted for approval the 2000 resolution allowing investment earnings from Las Vegas Monorail account to be utilized for the expansion's startup. (Courtesy: Las Vegas Review Journal)

Las Vegas Monorail’s expansion to Mandalay Bay is nearing actualization after Clark County commissioners voted for approval the 2000 resolution allowing investment earnings from Las Vegas Monorail account to be utilized for the expansion’s startup. (Courtesy: Las Vegas Review Journal)

(Bethany Barnes, Las Vegas Review-Journal) – Las Vegas Monorail Co. is on its way to effecting a 2000 resolution signed by county commissioners, allowing the company to pull from its account investment earnings that would be used to expedite monorail’s expansion from MGM Grand to Mandalay Bay. It was the Clark County commissioners ‘ decision, Tuesday, to effect the resolution’s implementation.

Accordingly, Monorail currently has $6 million on account purposely intended for finanacing in case the company dissolves; $1.9 million of which are its earnings. The latter amount is planned to be utilized in securing a design and a guaranteed maximum price of the expansion. When the final amount has been determined, the company can then set the project to the bond market for financing.

The expansion would basically create a new station and two new trains, all of which would predictably promote tourism, attracting passengers to a more or less 30,000 hotel rooms in the city.

Click here to continue reading

Prev postNext post

Related ItemsLas Vegas MonorailMandalay Bay
Travel
May 8, 2016
N&V Staff

Related ItemsLas Vegas MonorailMandalay Bay

More in Travel

Privately owned campgrounds in Alberta remain open amid pandemic uncertainty

N&V StaffApril 9, 2020
Read More

Conserva-Cruise News: Oh, Vanna!

N&V StaffDecember 13, 2019
Read More

Airbnb : Nevada’s short-term rentals show strong growth during summer months

The Center SquareOctober 1, 2019
Read More

Air Force Amy: Virgin Galactic Should Add a “50-Mile High Club” to Rocket Ship Flights

N&V StaffDecember 14, 2018
Read More

These are America’s favorite fast food restaurants

N&V StaffMarch 9, 2017
Read More

The Best Country in the World? Survey Says It’s Switzerland

N&V StaffMarch 8, 2017
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics business Muth's Truths government Opinion Government Muth’s Truths Obama Ron Knecht News Donald Trump GOP Republicans

Copyright © 2022 Citizen Outreach | Maintained by VirtualAlly

Carson City Students Take Virtual Field Trip Around World
Stunt Plane Crashed Into Hilltop 12 Miles South of Henderson Airport, Report Says