Florida's Fort Lauderdale Commissioners, on Tuesday, accepted a Bid from Elon Musk's Firm to Build a Tunnel between the City's Downtown Area and the Beach.
Mayor Dean Trantalis (D) announced, in a Tweet, that the City formally Accepted a Proposal from, The Boring Company, to Build an "underground transit system between downtown and the beach."
Other Firms will now have 45 days to Submit Competing Proposals, the Mayor noted. "This could be a truly innovative way to reduce traffic congestion," he wrote.
Trantalis, in a separate Tweet, said a Tunnel Connecting Downtown to the Beach, which would be called "The Las Olas Loop," is an "innovative and unprecedented approach to addressing traffic congestion and transit needs in 21st Century America."
He noted, however, that the Enterprise still has Additional "Milestones" to meet before it is ready to begin.
"It must be something the community feels it needs and we can afford," Trantalis said. "And it needs to help solve some of our acute traffic problems. We'll see where this goes."
Officials at The Boring Company, told the City, that they can Complete the Project for about $10 to $12 Million per Mile, which would total between $60 and $72 Million.
The City, however, is Not permitted, to Release Details regarding the Proposal, until the End of the Bidding Process, in 45 days.
The Acceptance of The Boring Company's Bid, comes after the Firm's First Operational Tunnel, Opened in Las Vegas, last month.
The Las Vegas Convention Center Loop, connects the New Exhibit Hall of the Convention Center and the Existing Campus with almost 1.7 Miles of Tunnel and Three Stations.
That Nevada Project Cost about $47 Million and was Built over the course of One year.
The Firm said, it Decreased the 45-Minute Cross-Campus Walk Time, to about a Two-Minute Ride.
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