The Boring Company offers extra $15M for San Antonio Loop

The Alamo Regional Mobility Authority says Elon Musk’s The Boring Company has offered an additional $15 million to finance the San Antonio Loop, increasing its initial offer of $27 million to $45 million to support the first phase of the project.  Alamo RMA:

That’s a lot of money that’s not coming from taxpayers to improve community transportation. I don’t see anybody else coming and giving us $50 million that’s not funding by taxpayers in some way, shape or form..

The 7.6 mile tunnel is expected to generate a net revenue of $25 million per year from 112,000 commuters daily, with fares between $10 to $13 per passenger.