Extension of Las Vegas monorail to Mandalay Bay delayed again

Updated July 12, 2018 - 10:33 pm

Construction of a Las Vegas Monorail extension to Mandalay Bay has been delayed, jeopardizing the chances of the project being completed in time for the opening of the nearby Raiders stadium.

Monorail lobbyist Jennifer Lazovich told the Clark County Commission this year that construction on the 1-mile extension would begin in June, giving the Las Vegas Monorail Co. more than the two years it needs to finish a new station at the Shoppes at Mandalay Place before September 2020, when the NFL’s Raiders are expected to play their first game in Las Vegas.

The monorail extension is seen by some as essential transit infrastructure to serve convention attendees and stadium crowds.

But construction permits for the project remain under review by county employees. The Monorail Co. also has not obtained the $110 million in bonds it needs to pay for the extension, according to county spokesman Erik Pappa.

Meanwhile, the Monorail Co. is keeping mum on the project’s status.

“Any information on construction or financing of the project will be released in due course,” spokeswoman Ingrid Reisman wrote in an email Thursday.

CEO Curtis Myles has previously acknowledged that obtaining financing will be difficult.

Last year, he told commissioners he couldn’t get funding for the project unless the county committed to giving the Monorail Co. as much as $4.5 million a year for the next 30 years.

Commissioners rejected the idea but agreed in November to set aside $4.5 million each year that the company could request to borrow, but would not be guaranteed to receive.

With no financing in place, the county has required the Monorail Co. to continue repaying a loan of nearly $2.1 million used to pay for the extension’s design and engineering costs.

The Monorail Co. made a payment of $16,667 last week, Pappa said. After combining that with a series of payments made last year, nearly $2 million is owed.

County Commissioner Chris Giunchigliani said she has serious doubts that the Monorail Co. will get its desired funding, but she expects the county will be paid in full and on time.

“I don’t think anybody disagrees they have an obligation to pay us back,” she said.

Contact Michael Scott Davidson at sdavidson@reviewjournal.com or 702-477-3861. Follow @davidsonlvrj on Twitter.

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Semco Modern Seamless Surface, a Las Vegas surface engineering company, knows how to put color in concrete construction in the Vegas heat. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Fun photo booth at World of Concrete
World of Concrete show at the Las Vegas Convention Center sponsored by DeWalt gives conventioneers a chance for photos with giant tools. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
SHOT Show 2019: Laserstar Technologies
Laerstar Technologies showed off their laser engraving machines, that can be used to personalize anything from guns and knives, to medical tools and household items. (Mick Akers/Las Vegas Review-Journal)
World of Concrete Show has big equipment on display
World of Concrete Show has big equipment on display at the Las Vegas Convention Center including an impact crusher, concrete pump and a self-erecting portable concrete batch plant. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Shot Show 2019: Kalashnikov USA shows off new products
Jonathan Mossberg of Kalashnikov USA talks about new products on display at Shot Show 2019 in Las Vegas.
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