MGM, Bally’s Announce $15 Million Monrail Project
LAS VEGAS (AP) _ A $15 million, mile-long monorail will connect the MGM Grand and Bally’s resorts on the Las Vegas strip, the companies announced Tuesday.
Executives of the two resorts said they hope the project will be the first leg of a monorail system that will someday link the Strip with downtown Las Vegas, the city’s convention center and McCarran International Airport.
The $1 billion MGM Grand is scheduled to open in February and will be the world’s largest hotel with 5,005 rooms and a movie theme park, the company said.
Robert Maxey, president and chief executive officer of MGM Grand Inc., said the monorail was ″sorely needed″ because of grid lock conditions brought on by booming growth in the Las Vegas Valley.
Maxey told a news conference that the project would take 12 to 15 months to complete once approved by the Clark County Commission. The monorail would be built on private land owned by MGM and Bally’s, but would cross one city street, prompting need for the county’s approval.
The monorail system would include two trains and carry as many as 43,000 passengers a day, Maxey said. He predicted ridership would run closer to 25,000 passengers per day.
The monorail would provide transportation between what is currently the busiest corner on the Las Vegas Strip, where Bally’s and Caesar’s Palace are located, and the corner where the MGM, Excalibur and Tropicana are located. The one mile route would be covered in 3 1/2 minutes.
The proposed system is built by AEG Von Roll Monorail Systems of Switzerland and is similar to one operating in Sydney, Australia.