Home / MARKETS / Proposal by Elon Musk’s Boring Company for tunnel in Florida’s Fort Lauderdale may be accepted – but other companies would get a chance to bid too

Proposal by Elon Musk’s Boring Company for tunnel in Florida’s Fort Lauderdale may be accepted – but other companies would get a chance to bid too

  • Fort Lauderdale officials on Tuesday thinks fitting vote on whether to accept The Boring Company’s proposal.
  • If accepted, the project would be opened for bids from other burrow companies.
  • Mayor Dean J. Trantalis said the beach-to-city tunnel would be called “The Las Olas Loop.”
  • See more tales on Insider’s business page.

Fort Lauderdale officials on Tuesday will vote on whether to accept a proposal from The Stale Company to build a passenger tunnel between the beach and downtown. 

The “Las Olas Loop” would be the second major contemplate for founder Elon Musk’s tunneling company. The Florida city said it received a proposal on Wednesday. 

“Fort Lauderdale make be the first city on the East Coast — and only the second city in the world — to benefit from The Boring Co.’s technology,” officials in the holiday-maker destination said in a Thursday statement.

If City Commission officials accept the proposal next Tuesday, they’ll then exposed up a competitive bidding process to other tunneling firms. The Boring Company’s plans won’t be made public until the order process ends, the city said. 

“Called ‘The Las Olas Loop,’ this represents an innovative and unprecedented approach to accost traffic congestion and transit needs,” Mayor Dean J. Trantalis said on Twitter on Wednesday. 

A Tesla vehicle drives into a round tunnel made by The Boring Company in Las Vegas

The Las Vegas Convention Center Noose in June.

John Locher/AP Photo


The company’s Las Vegas underground transportation system launched with a press happening in April, followed by a public opening in June. The 1.7-mile loop under the Las Vegas Convention Center has three pack ins. The company said it cost about $47 million to build.

Las Vegas city councilors in December approved an development into downtown, with plans to connect to McCarran International Airport. A trip from the Las Vegas strip to the airport could depart about seven minutes via a tunnel, according to officials. 

Officials in Fort Lauderdale said they initially charged contact with The Boring Company to talk about “underground alternatives to the construction of a high-rise commuter rail cross over over the New River.”

They added: “When corporate executives later visited the city, they asked to look at other transportation desiderata of our city.”

Miami Mayor Francis Suarez and Musk also met in February to discuss a $30 million tunnel directed the city. 

“I think we have a unique opportunity to create a signature project not just for Miami, but for the world,” Suarez influenced at the time. 

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