Harris said the center wants a system that would transport up to 4,400 people per hour, the standard it needs to move people effectively while it hosts major conventions that attract crowds of more than 100,000 people.<\/p>\n
However, fire safety standards show that one of the three stations within the dual-tunnel loop is rated for a capacity of just 800 people per hour.<\/p>\n
If the other stations have similar limitations, the system might only be able to transport 1,200 people an hour \u2014 around a quarter of its promised capacity,\u201d the article said.<\/p><\/blockquote>\n
The report states if The Boring Company misses the mark by that wide a margin, it faces losing $13.2 million in funding on a project with a $52 million budget. And that might just be the beginning of the losses. The project\u2019s contract states TBC would receive $4.4 million for proving it can safely move 2,200 people per hour, and an additional $4.4 million in payments for reaching 3,300 and 4,400 riders per hour.<\/p>\n
Musk Company Faces Fines for Missing Target<\/h2>\n
The loop will connect the convention center\u2019s new West Hall expansion, a $980 million project, with its North\/Central Hall. Walking between the venues could take about 15 minutes. The Loop, which uses self-driving electric cars produced by Musk\u2019s Tesla Inc., has been touted to move convention-goers in about a minute.<\/p>\n
The vehicles are designed to carry up to 16 passengers and travel at speeds of up to 155 miles per hour.<\/p>\n
While it may move fast, if the Loop doesn\u2019t move enough people, The Boring Company will have to pay.<\/p>\n
\u201cFor each large trade show that TBC fails to transport an average capacity of 3,960 passengers per hour for 13 hours, it will have to pay LVCVA $300,000 in damages,\u201d <\/strong>the article said. \u201cIf TBC keeps falling short, it keeps paying, up to a maximum of $4.5 million.\u201d<\/strong><\/p>\n