Elon Musk’s Boring Co. Is Turning Into a $900 Million Flop - BBG
New Investigation Underway After Racist Graffiti Found At Construction Site Of Tennessee Titans Stadium, Weeks After Work Halted Due To Noose Found On Site https://t.co/z52kveKOOe https://t.co/z52kveKOOe
Chad Blackburn of NueCura Partners stands alongside Steve Davis, President of The Boring Company, and Landon Gibbs, Managing Partner at Altitude Ventures. According to Chad, the Nashville Music City LOOP initiative began like this. "One day, Landon was stuck in brutal Nashville https://t.co/YPmTKIIKgn
Elon Musk's The Boring Company has officially announced plans to build the Music City Loop, an approximately eight- to ten-mile underground tunnel system in Nashville, Tennessee. The project will connect downtown Nashville, including the Convention Center, to Nashville International Airport (BNA) along Murfreesboro Pike. The system will shuttle passengers in Tesla vehicles, aiming to reduce traffic congestion and provide a transit time of about eight minutes. The initiative is being developed at no cost to taxpayers and involves partnerships with the Nashville Area Chamber of Commerce and the state of Tennessee. Preparations for the project have already begun, including the installation of a temporary fence on a 0.8-acre state-owned parking lot to serve as a base of operations. Despite broad interest, the project has sparked some partisan backlash. Separately, there are ongoing investigations related to racist graffiti and a noose found at the nearby Tennessee Titans stadium construction site. Additionally, reports have emerged describing The Boring Company as facing financial challenges, with some sources calling it a $900 million flop.