Who assisted in bond financing for the transit system that includes the MGM Grand Station?
Las Vegas Monorail The Las Vegas Monorail is a 3.9 mi monorail mass transit system located adjacent to the Las Vegas Strip, in Clark County, Nevada, United States. It connects several large casinos in the unincorporated communities of Paradise and Winchester, and does not enter the City of Las Vegas. It is owned and operated by the Las Vegas Monorail Company. In 2013, total annual ridership was roughly 4.2 million, down from a pre-Great Recession peak of 7.9 million in 2007. The monorail is a registered not-for-profit corporation, allowed under Nevada law since the monorail provides a public service. The State of Nevada assisted in bond financing, but no public money was used in construction.
Urban Mass Transportation Act of 1964 The Urban Mass Transportation Act of 1964 (Pub.L. 88–365 , USC Title 49, Chapter 53 ) provided $375 million for large-scale urban public or private rail projects in the form of matching funds to cities and states. The Urban Mass Transportation Administration (now the Federal Transit Administration) was created. It provided capital grants for up to 50% of the cost of transit improvements.