Las Vegas Xpress, Inc. is in the specialty passenger train business. The X Train, currently in the planning stages, will be an excursion railroad between metropolitan areas and resort/casino destinations operated by United Rail Inc. Las Vegas Xpress, Inc. is now responsible for the construction and operation of the Las Vegas Xpress train station. This is a sixty million dollar ($60,000,000) real estate development project in the mid strip area. The Company has an LOI from a class 1 resort casino property to joint venture with LVXI for the development of the station. The Casino property will contribute 12 acres of their property valued at $24 million as part of the equity necessary to develop the train station. The Company will raise the remaining monies from RIFF loans and equity. The development of the site will begin in late 2019, with completion of the station scheduled for mid year 2021. LVXI will operate the station. LVXI will receive station arrival and departure fees associated with the X Train operations. Innitially, X Train frequency is expected at once a week round trips. Arrivals pay an arrival fee, a station storage fee, and a departure fee upon leaving. Total fees amount to approximately $4,000 per trip. The X Train business plan contemplates as many as 10 trains per week arriving at the station. In addition to the arrival & departure fees, the LVXI station will have retail stores along its promenade to the hotel.
