📺 Stream EntrepreneurTV for Free 📺

Elon Musk's Boring Company May Build Its First Tunnel on the East Coast A Florida city could be the site of its next project.

By Chloe Arrojado

entrepreneur daily
Bloomberg | Getty Images

Now that Elon Musk's Boring Company has completed its 1.7-mile tunnel through downtown Las Vegas, Fort Lauderdale, Florida could be the site of its next project.

Last Wednesday, Fort Lauderdale mayor Dean Trantalis announced that the city received a proposal to build an underground transit loop from the Boring Company. Named "The Las Olas Loop," the underground tunnel would connect Fort Lauderdale's downtown area to the beach.

Related: Elon Musk Shows off the Mega-Tunnel He Built in Las Vegas and Promises Themed Opening Party

According to a city press release, communication between the sides began at the beginning of the year, and the city commission is scheduled to vote on whether they will accept the proposal later today.

"The underground transit loop would provide quicker and more efficient access between downtown and the beach as well as alleviate street-level traffic," the statement read in part, in addition to announcing that Fort Lauderdale has also created a process for other companies to present competing ideas.

This isn't the Boring Company's first venture into the Sunshine State. Earlier this year, Miami mayor Francis Suarez announced that Musk had been in contact with him about building a two-mile tunnel there for as little as $30 million.

However, the track record of the Boring Company's projects hasn't been perfect. It failed to follow through with its proposed projects in cities like Washington, D.C. and Los Angeles, even erasing mention of these endeavors on its website.

Related: Why is Elon Musk So Successful? It All Comes Down to These 5 Key Personality Traits

Chloe Arrojado

Entrepreneur Staff

Editorial Assistant

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year

Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.

Business News

Jack Dorsey Explains Bluesky Exit: 'Literally Repeating All the Mistakes We Made' at Twitter

Dorsey left the Bluesky board and deleted his account earlier this week.

Fundraising

My Startup Couldn't Raise VC Funding, So We Became Profitable. Here's How We Did It — And How You Can Too.

Four months ago, my startup reached profitability for the first time. It came after more than a year of active work and planning, and here's what it took.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

McDonald's Is Responding to Sky-High Fast Food Prices By Rolling Out a Much Cheaper Value Meal: Report

The news comes as the chain looks to redirect back to customer "affordability."