Elon Musk's Boring Co to build high-speed airport link in Chicago

Elon Musk's Boring Co to build high-speed airport link in Chicago

Elon Musk's Boring Company, an organization that I'm still partially sure is a front for Musk's doomsday bunker, has won a bid to create an underground express transit system from Chicago's O'Hare airport to the city downtown area.

The Chicago Express Loop will connect downtown Chicago with O'Hare International Airport.

As for how much it would cost Chicago travelers to ride on the system, the Boring Company says that while it's not yet finalized, the fare "will be less than half the typical price of taxi/ride-share services", but higher than the city's Blue Line train from O'Hare - which now costs $5, as a special fare.

"The Boring Co. aims to alleviate soul-destroying traffic by constructing safe, affordable, and environmentally friendly public transportation systems", company officials said. The line will consist of two parallel tunnels, and it could take as little as 12 minutes to travel from point to point, according to a press release from the city. Loop's novel underground transportation system must adapt electric transport technology developed at Tesla to subterranean applications.

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The Chicago and Los Angeles projects come as Musk wrestles with production problems for the rollout of his highly anticipated Model 3 sedan at Tesla TSLA.O , with some investors concerned his overlapping leadership roles at Boring and his rocket-building firm SpaceX has him spread too thin. The system will operate 20 hours a day, seven days a week.

The current plan is for Musk's company to cover the construction fees of the transit system up front but then keep any revenue generated from passenger transit fees and in-car shopping sales and advertisements. The company will now begin negotiations with the city of Chicago on a final deal for the project. It received permits to start digging in Washington, DC, and in Los Angeles.

"We're taking a bet on a guy who doesn't like to fail - and his resources". Better, but it still takes 40 minutes to make the trip.

But in interviews with Chicago newspapers, Emanuel expressed great faith in the ability of Musk, father of the Tesla and SpaceX, to deliver at a cost of roughly $1 billion or less. The Boring Company released Wednesday renderings of what the underground system and rail cars would look like. The projected cost? $20 to $25 one way. The website says a skate could also hold "a single passenger vehicle". Opponents say the exemption Boring seeks from a lengthy environmental review of the Los Angeles test tunnel violates state law forbidding such waivers for large-scope projects on a piecemeal basis.

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