Details of Las Vegas Monorail bankruptcy emerge Richard N. Velotta, Las Vegas Review-Journal · September 11, 2020 at 3:57 pm The Las Vegas Convention and Visitors Authority has made a down payment on the Las Vegas Monorail. A $1.8 million nonrefundable earnest money deposit was given to the Las Vegas Monorail Co. as part of the LVCVA’s $24.12 million acquisition of the company. Details of the monorail’s Chapter 11 bankruptcy have begun emerging since the company’s Monday filing in U.S. Bankruptcy Court in Las Vegas. The company confirmed Monday evening that the filing had been made. The LVCVA’s board of directors on Sept. 1 voted 12-1 to go forward with a prepackaged bankruptcy plan to buy the system.