Elon Musk firm pitched to build transit system in Las Vegas

Entrepreneur Elon Musk's dream of an express tunnel transit system could finally become a reality in Las Vegas after major setbacks in other cities.

Las Vegas' tourism agency has announced its recommending that an enterprise backed by the divisive billionaire receive a contract to build and operate an underground tunnel system through which autonomous electric vehicles would whisk people around a mega convention center, and in the future, possibly the city's famous casino-filled corridor.

If approved, the system of just over a mile long would debut by January 2021 at the facility, which hosts more than 1 million people every year. The Musk-owned The Boring Company would build the project costing from $35 million to $55 million.

It's different from his other efforts to build underground tunnel systems in other cities because Musk will be paid for it if the contract is approved. Projects in Los Angeles and Chicago have drawn opposition and skepticism from residents and officials about whether they will actually open.