The Robert N. Broadbent Las Vegas Monorail is a mass transit system located near the Strip. It is owned and operated by the Las Vegas Monorail Company. For tax purposes, the Monorail is registered as a charity. Under Nevada law this is allowed since the Monorail provides a public service. The state of Nevada assisted in bond financing, but otherwise no public money was used in construction, and no future taxpayer obligation will be incurred. The Las Vegas Monorail generates revenue not only from ticketed passengers, but also from corporate sponsors. The Las Vegas Monorail operates from 7:00 a.m. until 2:00 a.m. daily. A person can ride the system from end to end in as little as 14 minutes. A single ride costs $5.00 one-way, and $9.00 for a round trip ticket. A 24-hour unlimited travel pass can be purchased for $15.00, and a three-day unlimited travel pass can be purchased for $40.00.
An extension to McCarran Airport has not materialized, though planning is still ongoing.