CONSTRUCTIONAPPROVED

Nevada System of Higher Education Board of Regents Awards Construction Contract to Tbc - the Boring Company (June 2026)

The Nevada System of Higher Education, on behalf of UNLV, entered into a 50‑year Development Agreement with TBC - The Boring Company for the design, construction, and funding of a Vegas Loop transit station on UNLV property at the developer’s sole expense. UNLV will grant subsurface and temporary construction easements and an access license, while receiving ownership of the completed station and various operational and fare benefits once the project is substantially complete.

Document date · June 22, 2026

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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
CONSTRUCTION
Contract term
Fifty (50) years from the earlier of (i) twelve (12) months after the Effective Date or (ii) Substantial Completion, with an option for a successive term of up to fifty (50) years upon mutual agreement, and coterminous with the Franchise Agreement
Renewal
Initial term is 50 years from the earlier of twelve months after the Effective Date or Substantial Completion, with a possible Extension Term of up to an additional 50 years if the Franchise Agreement is extended and both parties mutually agree and Developer is not in default. The Agreement automatically terminates earlier if the underlying Franchise Agreement expires or is terminated, with certain easement and indemnification provisions surviving.
Document type
Agreement
Source document
Nevada System of Higher Education Development Agreement TBC - The Boring Company 2026-06-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Nevada System of Higher Education Board of Regents?

Tbc - the Boring Company was awarded this construction contract by Nevada System of Higher Education Board of Regents, as recorded on June 22, 2026.

What type of contract is this?

This is a Construction contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Nevada System of Higher Education Development Agreement TBC - The Boring Company 2026-06-22 (Agreement), dated June 22, 2026 from Nevada System of Higher Education Board of Regents. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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