Las Vegas monorail files for bankruptcy protection

The Las Vegas Monorail Company (NV) filed for Chapter 11 bankruptcy protection last week, citing the impacts of decreased ridership. “The current economic downturn, including a 30 percent decline in convention traffic to Las Vegas, has increased the financial strain on the Monorail, like it has with every other tourism-dependent Las Vegas company,” said president and chief executive Curtis Myles in a statement. Service will continue to operate during the restructuring.  Link to full story in Las Vegas Sun.

Tagged as: monorail