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