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Virgin Trains’ planned $4.8-billion high-speed rail line between Southern California and Las Vegas secured a major portion of financing, with the California Infrastructure and Economic Development Bank approving the developer’s $3.5-billion bond request.
A proposed $4-billion privately built high-speed rail line between Las Vegas and Southern California won’t begin construction in early 2020 as planned, due to the developer’s inability to secure tax exemptions from the Nevada legislature this session.
Among news of note are details on awards and recognitions, as well as updates on developments including the long-shuttered tallest building in Las Vegas.
