Las Vegas� Monorail a Bust, Just Five Years After Opening
Las Vegas Monorail Co., private owner of a $650-million, 4.2-mile automated rail line connecting eight Las Vegas Strip resorts and the convention center, filed for Chapter 11 bankruptcy protection on January 13, one month after an announced $500-million expansion to McCarran International Airport.
The dual-line system began operation on July 15, 2004. Granite Construction Co. Inc., Watsonville, Calif., and Bombardier built the monorail under a $354-million, fixed-price contract.