The Las Vegas Convention and Visitors Authority has recommended that The Boring Company be chosen to construct a "people mover" below the expanding convention center.
The Las Vegas Convention Center is one of the largest and most popular event spaces in the world, with more than a million people passing through every year. Its flagship exhibition is the Consumer Electronics Show, which brings in roughly 150,000 visitors every January. The massive space is about to get even bigger, with a $1.4 billion renovation and expansion about to get underway. The plan is for a new underground tunnel to be operating in time for CES 2021, according to the LVCVA.
For Musk's Boring Company, the Las Vegas plan is easier and significantly smaller in scale compared to its projects in D.C., Chicago, and Los Angeles. The proposal calls for a way to move convention attendants quickly as the space expands to become a nearly two-mile walk from end to end. It would also leave room for potential further expansion.
The LVCVA chose Boring because its proposal came in with a far cheaper price tag than other proposed options above-ground. Musk has said the purpose of The Boring Company is to make the notoriously costly and time-consuming process of tunnel-boring cheaper and faster by making the tunnels themselves smaller, and by speeding up the TBM ー the massive earth-moving machines that are needed to bore under cities. The Las Vegas tunnel would cost between $35 and $55 million, according to the company. It can also be constructed more quickly because there are few landowners to contend with.
So far, The Boring Company's main success has been a two-mile-long test tunnel near Los Angeles International Airport, which it built at a cost of $10 million per mile.
The final recommendation for the Vegas project will be made on March 12.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Cracker Barrel said late Tuesday it’s returning to its old logo after critics — including President Donald Trump — protested the company’s plan to modernize.
Low-value imports are losing their duty-free status in the U.S. this week as part of President Donald Trump's agenda for making the nation less dependent on foreign goods. A widely used customs exemption for international shipments worth $800 or less is set to end starting on Friday. Trump already ended the “de minimis” rule for inexpensive items sent from China and Hong Kong, but having to pay import taxes on small parcels from everywhere else likely will be a big change for some small businesses and online shoppers. Purchases that previously entered the U.S. without needing to clear customs will be subject to the origin country’s tariff rate, which can range from 10% to 50%.
Southwest Airlines will soon require plus-size travelers to pay for an extra seat in advance if they can't fit within the armrests of one seat. This change is part of several updates the airline is making. The new rule starts on Jan. 27, the same day Southwest begins assigning seats. Currently, plus-size passengers can pay for an extra seat in advance and later get a refund, or request a free extra seat at the airport. Under the new policy, refunds are still possible but not guaranteed. Southwest said in a statement it is updating policies to prepare for assigned seating next year.
Cracker Barrel is sticking with its new logo. For now. But the chain is also apologizing to fans who were angered when the change was announced last week.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
