Las Vegas Monorail Woes Likely To Delay Expansion Bonds for a Year

Kelemen, Jasmina
September 2004
Bond Buyer;9/30/2004, Vol. 349 Issue 31980, p37
Trade Publication
Reports that the continuing closure of the Las Vegas Monorail Co. has delayed plans to issue bonds to finance the surrounded transit system expansion in Nevada. Statement of Terry Cordell, chief financial officer of Regional Transportation Commission of Southern Nevada, on the development of the transit system by the Federal Transit Administration; Estimated cost of the expansion; Causal factor for the closure of the company.


Related Articles

  • Vegas Monorail Gamble. Williams, Rochelle // Bond Buyer;09/01/2000, Vol. 333 Issue 30967, p1 

    No abstract available.

  • Ambac Breaks Tradition. Carpenter-Kasprzak, Sheri // Bond Buyer;09/28/2000, Vol. 333 Issue 30985, p1 

    Reports on Ambac Assurance Corp.'s backing bonds for the Las Vegas Strip monorail in Las Vegas, Nevada. Structure of the bonds; Uses of the proceeds from the bond sale; Payment plans for the bonds.

  • GM testing 'The Drive' at Sahara attraction. Shemeligian, Bob // Las Vegas Business Press (10712186);4/10/2006, Vol. 23 Issue 15, p16 

    Focuses on a partnership between the Las Vegas Monorail Co. in Nevada, and General Motors Corp. Opening of a performance track at the base of Sahara Hotel monorail station; Problems encountered by the monorail, including a decline in ridership; Efforts of monorail officials to study an airport...

  • City Rail briefs. Robl, Ernest // Trains;May2006, Vol. 66 Issue 5, p29 

    The article presents news briefs on the railroad sector in the U.S. as of May 2006. The Washington Metropolitan Area Transportation Authority began testing eight-car subway trains on the Orange Line. The New Orleans Regional Transit Authority plans to borrow a portable substation from the...

  • Fitch Cuts Las Vegas Monorail to BB, Citing Declining Ridership Figures. Cohen, Jackie // Bond Buyer;2/13/2006, Vol. 355 Issue 32218, p28 

    The article reports that Las Vegas Monorail Co. was downgraded from BBB-minus by Fitch Ratings Inc., with only half the expected ridership and diminished revenue in Nevada. The original goal of the monorail was to provide an alternative to taxis, which are notoriously impossible to hail during...

  • Ambac Close to an Agreement on Monorail. McGee, Patrick // Bond Buyer;11/22/2010, Vol. 374 Issue 33420, p1 

    The article reports that Ambac Assurance Corp. was to close to reaching a settlement agreement with the Las Vegas Monorail Co. In here, the author mentions the significance of the agreement saying that it could wipe away more than 500 million U.S. dollars of exposure to revenue bonds issued by...

  • Monorail seeks to erase $640 million in debt. O'REILEY, TIM // Las Vegas Business Press (10712186);8/30/2010, Vol. 27 Issue 35, pP5 

    The article provides information about the bankruptcy reorganization plan of the Las Vegas visitor transport line Monorail. It is inferred that the first edition of the plan would erase 97 percent of the 659.7 million U.S. dollars owed on bonds that financed the transit line's construction, and...

  • Tender Offer Ticking For Vegas Monorail Holders. Webster, Keeley // Bond Buyer;4/6/2015, p1 

    Las Vegas Monorail bondholders have until April 7 to take advantage of an Ambac tender offer that offers a better-than-anticipated recovery.

  • Tender Offer Ticking For Vegas Monorail Holders. Webster, Keeley // Bondbuyer.com;4/2/2015, p1 

    Las Vegas Monorail bondholders have until April 7 to take advantage of an Ambac tender offer that offers a better-than-anticipated recovery.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics