Las Vegas Monorail Files For Bankruptcy

LVCVA Was Given Approval To Purchase System Last Week

Mitch Kelly
September 08, 2020 - 5:42 am
Aerial View Of The Las Vegas Monorail

The Vox Agency

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LAS VEGAS, NV (KXNT) - The current owner of the The Las Vegas Monorail announced Monday it has filed for Chapter 11 Bankruptcy. 

A spokesperson for the Las Vegas Monorail Company said the monorail's best interest was to file bankruptcy and force a sale of its assets. 

Just last week, the Clark County Commission approved (over Mayor Carolyn Goodman's objection) the Las Vegas Convention and Visitors Authority's request to purchase the monorail for just over $24 million. 

LVCVA officials call the purchase an opportunity to open up transportation options along the Las Vegas Strip. When operational, the monorail takes passengers between the MGM and Sahara. The monorail has been closed since mid-March due to the coronavirus pandemic.

The system has struggled to turn a profit, but proponents say that would change if more stops are added and routes extended.