Other Projects
Musk has also expressed interest in building a hyperloop on the East Coast, tweeting in July that he’d received “verbal government approval” to build one capable of ferrying passengers from New York to Washington -- with stops in Philadelphia and Baltimore in between -- in 29 minutes.
By October, Boring had secured a utility permit to begin tunneling beneath a 10-mile stretch of the Baltimore-Washington Parkway, just one step in what would likely be a years-long, multibillion-dollar project. Boring has also had talks with Chicago about a link between the city’s downtown and O’Hare International Airport.
Boring has begun work on a tunnel in Hawthorne. The city of Hawthorne structured its approval for the tunnel as an underground easement. Using an easement is also an option for Culver City, said city official Jesse Mays. Easements are typically used for underground cables -- such as those used for TV -- or for pipelines, including those used for oil.
In October, Boring submitted an application for permits to the city of Los Angeles for portions of the tunnel, but Los Angeles hasn’t yet granted approval. Boring has not yet applied to Culver City for a permit, said councilman Jim Clarke.
Boring has sold roughly 50,000 company hats, and one speaker at the city council meeting warned that Boring is a "thinly capitalized company that has made money selling hats." Boring representatives stressed that the company is being largely financed by Musk himself and is not dependent on hat sales for revenue.
This article was provided by Bloomberg News.