The Boring Company’s LVCC Loop Grows To 70 Cars As CES 2022 Kicks Off
The Boring Company’s (TBC) Las Vegas Convention Center (LVCC) Loop in Sin City recently increased its Tesla fleet to 70 vehicles as part of its efforts to meet the influx of visitors attending CES 2022.
CES 2022 is one of the most influential tech events in the world. This year it kicked off on Wednesday January 5, 2022. The event features prominent exhibitors such as General Motors, LG, Panasonic and many other well-known companies. More than 2,200 exhibitors have confirmed that they will showcase some of their innovations in person at the Las Vegas Convention Center.
As a popular tech event, CES 2022 has undoubtedly attracted a lot of people to the Las Vegas Convention Center, meaning the LVCC Loop would experience a lot of foot traffic. According to Mick akers from Journal Review, the Boring Company increased its Tesla fleet to 70 cars. Increasing the number of Tesla vehicles could be the Boring Company’s solution to keeping pedestrian traffic between the three halls of the convention center in anticipation of the influx of visitors to CES 2022.
In November 2021, public documents revealed that the LVCC loop had yet to meet some of its transport targets. Documents revealed that the hand-driven Teslas took nearly four minutes to transport passengers through the underground tunnels instead of the target, which was two minutes. However, the LVCC loop has met its capacity targets. For example, The Boring Company’s Las Vegas tunnel met its capacity target at a demo event in May 2021 when it transported 4,400 conference attendees per hour.
The CES 2022 tech event may be another opportunity for the LVCC Loop to reach new goals and achieve some of the goals it barely missed in 2021. Akers said 70 Tesla vehicles was the maximum for the LVCC loop, which means it is working at full capacity. during CES 2022. Even so, it may take time to fully scale up operations.
The Board of Directors of the Las Vegas Convention and Visitors Authority (LVCVA) has agreed to pay TBC up to $ 6.5 million for the operation and management of the LVCC loop from February 1, 2021 to June 30, 2022 The LVCC loop does not charge tariffs in accordance with the agreement with the board of directors. LVCVA generates income from the LVCC loop through advertising, sponsorship and rental of facilities.
The board’s agreement with TBC also stated, “The agreement provides for additional costs in the form of base operations and maintenance (O&M) costs for the full operation of the system. Basic operation and maintenance costs are tailored to the size of the salon, with a maximum daily charge of $ 30,000 for larger salons.
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