The Boring Co. is snapping up real estate along planned extensions of its underground Las Vegas Loop in what some observers say is an investment with unclear prospects of a return.
Subsidiaries of the Boring Co. have purchased eight properties along the Las Vegas Loop, a privately operated underground transportation network spearheaded by billionaire Elon Musk, since the project opened in 2021. They’ve also purchased a single-family residential property outside of the Loop’s proposed path.
Although purchases have been reported individually, the analysis by investigative journalism support group Sunlight Research and The Nevada Independent reveals the full scope of how the Boring Co. is building out a real-estate network along the path of the Loop.
