The Las Vegas Monorail project can be considered a success or a great failure depending on your perspective. Although ridership has been under the projected levels and the system is struggling under a large debt load, millions have enjoyed the cheap, fast transportation up and down the Las Vegas Strip and to the Las Vegas Convention Center.
After about two years of negotiations and planning, the system was prepared to enter bankruptcy in an effort to reduce current debt payments which in turn was to enable the Monorail to enter "monorail phase II", an extension of the system to McCarran International Airport. However a November judicial decision has put the kabosh on that plan, the judge suggesting that implementation of the plan would simply push failure of the system out to a maximum of 2019 after which the hose of cards would collapse.
Sunday, January 8, 2012
Sunday, January 1, 2012
Jan 1, 2012
We will be in historical downtown Las Vegas shortly to report on the Consumer Electronics Show for our sister blog “Technology Report”.
This is a great view of downtown Las Vegas with the Sal Segev (Las Vegas backwards!) in the foreground spelled backwards.
The Sal Segev was home to the Golden Gate Casino. The property is now known as the Golden Gate Hotel and it maintains a claim as the oldest of the Las Vegas Hotels.
The Golden Gate remains located at ONE Fremont Street. A recent a multimillion dollar renovation has restored some of the past glory of the property, which still uses Las Vegas history as a marketing theme. See more about the Golden Gate Hotel and Casino at http://www.GoldenGateCasino.com