The Las Vegas Convention and Visitors Authority will acquire the Las Vegas Monorail system, but how long it will operate the 3.9-mile electric transit system is another question, the Las Vegas Review-Journal reported. The LVCVA’s board of directors approved the $24.26 million acquisition in a series of three 12-1 votes with Las Vegas Mayor Carolyn Goodman voting against it in each case. Tuesday’s votes were the first step toward operating the system, which has been dormant since March because of the coronavirus pandemic. LVCVA President and CEO Steve Hill told the board the system could be obsolete in eight to 10 years because the manufacturer of the monorail train sets no longer makes the cars. The LVCVA has said that it would contract for the management and operation of the monorail after the closing of the purchase. That agreement would come to the board at a future meeting. It’s unclear whether Las Vegas Monorail Co. President Curtis Myles or other staff members would be involved with the system once the deal closes. Myles, who attended the LVCVA board meeting, said his attorneys have advised him not to comment on his status or that of other employees until the monorail company files for chapter 11 bankruptcy protection. The LVCVA would collaborate on the pre- packaged bankruptcy filing.” Earlier Tuesday, Hill appeared before the Clark County Commission to win permission for the LVCVA to take over the monorail’s franchise agreement with the county.
