Already bankrupted, transit service suffers two more setbacks
Already broke, the Las Vegas monorail was still rolling the dice as late as March 11.
The bankrupt light-rail transit service was hoping the city’s metropolitan planning organization, RTC, would throw some aid its way. However, the RTC declined because it believed such a move would create a competition for money that is uses for the RTC’s own transit system. The monorail is privately owned.
Lawmakers in Washington handed the monorail a crucial blow back in December after it passed a bill that allowed the U.S. DOT to redirect unspent earmarks for the service to the RTC’s bus endeavor. Over $10 million was moved over to aid the wheeled transit line.
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