Elon Musk, founder of The Boring Company in 2018, Robyn Beck/Pool via ReutersFort Lauderdale officials will vote Tuesday on accepting The Boring Company’s proposal.If the bid is accepted, other tunneling companies will be invited to bid on the project.Mayor Dean J. Trantalis stated that the tunnel from the beach to the city would be called "The Las Olas Loop."Check out more stories from Insider's business page.On Tuesday, Fort Lauderdale officials will vote whether or not to accept the proposal of The Boring Company for a passenger tunnel to be built between downtown and the beach.The second major project of Elon Musk's tunneling firm, "Las Olas Loop", would be its second. On Wednesday, the Florida city received a proposal.Officials from the tourist destination stated that Fort Lauderdale would be the first and only city on the East Coast to receive The Boring Co.'s technology in a Thursday statement.The City Commission will accept the proposal on Tuesday and then offer a competitive bidding process for other tunneling companies. According to the city, the Boring Company's plans will not be made public until the bidding process is over.Mayor Dean J. Trantalis tweeted that "The Las Olas Loop" is an innovative approach to traffic congestion and transit needs.In June, the Las Vegas Convention Center Loop. John Locher/AP PhotoIn April, the company launched its underground transportation system in Las Vegas with a press conference. The public opened in June. Three stops are located on the 1.7-mile loop that runs under the Las Vegas Convention Center. It cost $47 million to construct, according to the company.In December, Las Vegas city councilors approved an expansion of downtown with plans to connect to McCarran Airport. Officials estimate that it would take seven minutes to travel from Las Vegas Strip to the airport via a tunnel.Fort Lauderdale officials said that they first contacted The Boring Company in order to discuss "underground alternatives" to building a commuter rail bridge across the New River.Continue the storyThey said, "When corporate executives later visited our city, they asked for information about other transportation needs in our city."In February, Musk and Miami Mayor Francis Suarez met to discuss a $30 Million tunnel under the city.Suarez stated that Suarez believed they had a unique chance to create a landmark project for Miami and the rest of the world.Business Insider has the original article.
