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Finances Improve For Las Vegas Monorail

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(Photo by the Las Vegas Monorail Company via Getty Images)

(Photo by the Las Vegas Monorail Company via Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV)  —  The Las Vegas Monorail could soon emerge from bankruptcy.  A federal bankruptcy judge says the non-profit company’s plan to reorganize is feasible.  Last November, the judge rejected a plan that would have left the monorail with more than $40-million in debt.  The new plan would leave the firm with just $13-million in debt.  Las Vegas Monorail officials expect to get out of Chapter 11 protection in the next several weeks.

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