- Last month, head of the Las Vegas Convention and Visitors Authority Steve Hill revealed that the organization was considering acquiring the Las Vegas Monorail.
- The investment can help the city recover if it’s reasonably priced.
- The monorail will mainly provide cheap and convenient transportation for convention-goers, other visitors, and workers.
- The purchase will end the noncompete clause that gives the seller exclusivity on the Strip and could allow for a light rail system to be set up.
Last month had a good surprise: head of the Las Vegas Convention and Visitors Authority Steve Hill unexpectedly disclosed that the organization was considering buying the Las Vegas Monorail.
One positive thing about LVCVA is that the pandemic hasn’t stopped the organization from building for the future of Sin City. If the agency can acquire the 3.9-mile monorail at a reasonable price, then the investment is worth it and will help the city recover.
Hill and his crew have realized that the pandemic will certainly end and lead to a congested Las Vegas Strip again. Therefore, it’s good news that LVCVA is considering a variety of options that can optimize transportation in the tourist area.
The main significance of the monorail is to provide convenient and cheap transportation for convention-goers. However, it will be more valuable if LVCVA extends the route to the Mandalay Bay Convention Center and adds a stop at the Sands Convention Center. The plans were already in works before the pandemic struck.
The extension would connect Las Vegas’ three biggest convention centers (the Las Vegas Convention Center included) and make Allegiant Stadium more accessible.
The monorail has existed for at least two decades. Run by the nonprofit Las Vegas Monorail Co., it has seven stops.
While critics of the purchase announcement pointed out that the monorail has few passengers and has been struggling financially, their criticism is short-sighted. If LVCVA purchases the monorail, the organization will maintain it to provide more transportation options for convention-goers and other guests. The purchase would also end a noncompete clause that gives the seller exclusivity on the Strip.
Terminating the noncompete clause means pursuing other opportunities will be easier. For instance, LVCVA can set up a light rail system to link the Strip to downtown Las Vegas and McCarran International Airport.
Las Vegas needs the light rail system to maintain high-quality visitor experiences in terms of convenience and low cost of transportation. Workers on the Strip could also benefit greatly from the system since building park-and-ride options into it isn’t difficult.
Currently, it’s easy and inexpensive to drive the Strip because the pandemic has reduced the number of guests and forced resort companies to relinquish parking fees. However, the bumper-to-bumper traffic and parking fees will certainly come back to Las Vegas. With the Las Vegas Boulevard having no more room for expansion, it’s impossible to increase the capacity for extra vehicles.
That’s why it’s important to provide guests with options such as the monorail. The monorail has been tried and tested as a people mover. When it comes to high-capacity events such as conventions and the New Year’s Eve, it can draw good ridership.