Default is a looming danger for the Las Vegas Monorail after low fares failed to draw enough riders and a fare hike chased off too many passengers, according to a bleak financial analysis released Tuesday.
The assessment by Fitch Ratings, a New York-based credit rating firm, also dropped the monorail’s bond rating further into “junk” status, possibly imperiling plans to extend the $650 million line to McCarran International Airport and around the Strip.
For more see The Las Vegas News.
Don’t get me started–more than the monorail can do.