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Author: tjscott0 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 740114  
Subject: Re: Thanks Bill Richardson & Richard Branson Date: 12/12/2012 4:52 PM
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Branson continues to give the finger to New Mexicans.

http://www.lcsun-news.com/ci_22178210/virgin-galactic-future...

The deal was sold to New Mexicans in classic Richard Branson fashion. If taxpayers would build the colorful British businessman a $209 million futuristic spaceport, he would make New Mexico the launching point for a space tourism business catering to the rich and famous.
Now, with Spaceport America nearly complete but still mostly empty, a Virgin Galactic official says the company will reassess its agreement if lawmakers don't pass liability exemption laws for its suppliers, raising the possibility it could take its spacecraft elsewhere.
And state officials acknowledge the company — which has yet to post a deposit for what is supposed to be a $1 million-a-year lease — could walk away from the quarter-billion-dollar project.


I never was in favor of this boondogle. I wish Branson would take his business else wheres. This project ain't gonna generate any significant tax revenue. Lets just write the $296 milion off debt as another poor government dcision. The upside is that we would gain a 1/4 of a percent reduction in sales tax that passed to fund this project 4 years ago.
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