History
The Las Vegas Monorail project was built by Bombardier Transportation upon an existing free monorail that ran between the MGM Grand and Bally's, closing a long gap in the Strip that tourists usually had to travel on foot.
After many delays, the finished Las Vegas Monorail opened to the public on July 15, 2004 with the completion and testing of "Phase 1."
During testing and commissioning, the monorail suffered several malfunctions that delayed the start of passenger service for almost a year. The most serious of these problems related to parts falling from the monorail to the ground under the tracks.
On September 8, 2004, more problems with falling parts led to the closing of the monorail for nearly four months. It reopened on December 24, 2004. A number of repairs were made to the monorail cars during this shutdown. Each time the monorail system requires major engineering changes, it must undergo a lengthy "commissioning" process to confirm the effectiveness and safety of the repairs. The local press reported that each day the monorail was down cost the system approximately $85,000, and that over $8.3 million was lost as a result of this one shutdown.
Transit Systems Management officials cited the good handling of crowds during the Consumer Electronics Show in January 2005 as proof that the system can handle a major convention.
On February 2, 2005, the monorail system had to be shut down again due to problems with the electrical system. Reportedly, a short circuit required replacement of a 30-foot (9.1 m) section of the power rail. The system reopened about 12 hours later.
July 2005 set a record for ridership for the monorail, with over one million passengers. BankWest debuted a red "MoneyRail" branded train, and joined Nextel Communications (now a part of Sprint Nextel Corporation), Hansens Beverage, and Paramount Studios (with a Star Trek themed train) as corporate sponsors.
On July 8, 2005, Transit Systems Management announced that it would shut down, turning over its responsibilities to the Las Vegas Monorail Company, the system operator. Curtis Myles, a former deputy general manager of the Regional Transportation Commission of Southern Nevada, became President of the Las Vegas Monorail Company. He assumed his duties on July 18.
Expansion plans took a step forward on November 1, 2005, when the County Commission approved a study into the feasibility of an airport extension.
On June 6, 2006, it was announced by the Las Vegas Monorail Corporation that Las Vegas Monorail revenues rose nearly 16 percent from the previous year, to $3,250,565 in April 2006. Likewise, ridership had also increased, from 563,823 riders in January 2006 to 704,527 in April 2006. New ticket distribution and marketing efforts had been implemented to continue the trend, including a ticket brokerage program that provided convention attendees with monorail tickets in advance and a national public relations program.
On January 13, 2010, the Las Vegas Monorail filed for Chapter 11 Bankruptcy Protection. The filing will not affect system operations and will have no impact on the Monorail’s hours of operation or service to its customers.
On March 11, 2011, the Sahara Hotel and Casino announced that it would close its doors May 16, 2011. The closure is significant for the monorail as the Sahara is connected to the monorail's northern terminus at the Sahara Station. The station, however, is also accessible from street-level. On the same day of the Sahara's announcement, the Las Vegas Monorail Company announced that the Sahara Station would remain open after the closure of the Sahara.
Read more about this topic: Las Vegas Monorail
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