Holders of first-tier debt issued for the Las Vegas Monorail have nothing to show for their most recent scheduled interest payment.

The July 1 payment default on $9.6 million in interest was entirely expected. The nonprofit organization that owns the monorail filed for Chapter 11 bankruptcy in January, in the face of ridership and revenue numbers that leave it nowhere near able to pay its debt service on more than $600 million of revenue bonds issued to finance construction of the four-mile line.

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