Talks between Elon Musk's tunneling company and Alamo Regional Mobility Authority are...
said the Boring Co. has proposed spending as much as $60 million on the first phase.
The Boring Co. has proposed building a loop of tunnels to ferry passengers in Tesla electric vehicles between San Antonio International Airport and downtown. At an estimated cost from $247 million to $289 million, it said the system could carry as many as 112,000 passengers daily on a route along U.S. 281, producing annual revenue of up to $25 million for the RMA.Alamo Regional Mobility Authority Chairman Michael J. Lynd, Jr., speaks during discussion at an Alamo RMA board meeting in March.
In interviews after the session, board members appeared to be doubling down on their promises that taxpayers won’t get stuck footing the bill for the project. Alamo Regional Mobility Authority Secretary/Treasurer David Starr speaks during an Alamo RMA board meeting in March. The RMA board voted to begin negotiations with Elon Musk's Boring Co. regarding a transportation project aiming to carry passengers between San Antonio International Airport and downtown.
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