Now that the Sphere is open, does anyone know when the Koval/Wynn monorail stop is going to open?
This is an excellent question and it reminds us that there was, once, a plan to open a station providing easy access to Sphere.
And as you write, a station at Koval near the Wynn makes a lot of sense. Besides an easy trip to Sphere, this station would also provide convenient access to the Wynn-Encore, Palazzo, the Venetian, and the Venetian Expo convention center. Sphere visitors could park for free at the Las Vegas Convention Center, Westgate, or Sahara and ride the Monorail to any and all of those for only $5.
The plans for that station were approved by Clark County in December 2018. In addition, an extension of the Monorail to Mandalay Bay was part of the plans, in order to get as close as possible to Allegiant Stadium. To bring both to fruition, the Las Vegas Monorail got together $33.6 million in financing, of which the Sphere station would require $15 million to $18 million.
Then things took a bad turn. In March 2020 as we all know, the Monorail shut down due to COVID. A little less than six months later in September, it filed for bankruptcy (for the second time in its lifespan).
The bankruptcy filing was part of the Monorail’s plan to sell itself to the Las Vegas Convention and Visitors Authority, which did ultimately buy it for the ridiculously low price of $24.3 million, given that it cost $650 million to build. The LVCVA now operates the system, but the primary reason it bought it was to eliminate the non-compete clause that disallows any development of a parallel transportation system.
Meanwhile, the Boring Company was already commencing the underground Las Vegas Loop, a competing system for which the LVCVA has complete buy-in.
Furthermore, the Monorail's days are numbered due to the cars, parts, and ability to repair the system expiring in the next eight to ten years. Thus, the dreams of opening the Koval/Wynn station and building the Mandalay Bay extension have been canceled.
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thebeachbum
Oct-15-2023
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Bob
Oct-15-2023
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Hoppy
Oct-15-2023
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David Miller
Oct-15-2023
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Mike
Oct-16-2023
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