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.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
