The Boring Company would offer rides in Teslas to hundreds of people a day for $5-8 per person, the city’s leaders have said before. A similar ride in an Uber would cost about $10 per trip at current prices, according to Uber’s ride price estimator.
“This could be a truly innovative way to reduce traffic congestion,” Mayor Dean Trantalis saidTuesday night, announcing the plan, though the costs to the city were initially undisclosed. He said other firms will have 45 days to submit competing proposals.
The project will be dubbed “The Las Olas Loop,” a reference to a local road that connects to the beach. The Boring Company offers a transit system called the Loop, in which people in standard Teslas are driven from station to station in tunnels. Its first project opened last month at the Las Vegas Convention Center. There are plans to extend the system through more of Las Vegas.
But Loop has also drawn criticism from transportation planners, who say that using cars as a mode of public transit makes inefficient use of a tunnel, which could carry a lot more people with a train or bus.
If the Boring Company carries hundreds of passengers a day, as Trantalis has said before, that would be fewer riders than about half of each of Broward County Transit’s bus lines, which operate in Fort Lauderdale.
The local government envisions the Las Olas Loop as a way to alleviate parking stress at its beach. Drivers will be able to park cars at the downtown Brightline train station, which offers intercity rail service around Florida, and then ride in a Tesla to the beach.