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Judi Lynn

(160,516 posts)
Tue Jan 26, 2016, 07:30 PM Jan 2016

Spaceport America Wants $2 Million More From Taxpayers For Its Space Tourism Fantasy

Source: Gizmodo

Spaceport America Wants $2 Million More From Taxpayers For Its Space Tourism Fantasy

Matt Novak
Today 4:47pm
·
If you build it, the space tourists will come. That was the promise to the taxpayers of New Mexico back in 2009 when Spaceport America broke ground. Seven years and roughly $220 million later, New Mexico has little to show for it. And now the private space facility is asking for even more money.

New Mexico is one of the poorest states in the country. So it’s easy to see why state legislators wanted to attract new jobs and businesses. Lawmakers were promised that if they helped finance a new spaceport in the middle of the desert, they’d attract millions of dollars in the burgeoning field of space tourism.

Unfortunately, Spaceport America and billionaire business tycoon Richard Branson’s Virgin Galactic have not produced the boon in jobs and money that they promised. And to top it all off, the facility has just asked for another $2.35 million from cash-strapped New Mexico. It may not seem like a lot, but for the one of the poorest states in the nation in which a staggering 22 percent of residents live in poverty, it’s throwing good money after bad.

From the Albuquerque Journal:


In the past few years, the spaceport has gotten about $462,000 annually from the Legislature to help fund operations. Gov. Susana Martinez’s proposed $6.5 billion budget asks for the same annual outlay for the spaceport plus an additional, non-recurring $2.35 million “for operating costs due to a shortfall in revenue from other sources.”


Read more: http://gizmodo.com/spaceport-america-wants-2-million-more-from-taxpayers-1755252309
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Spaceport America Wants $2 Million More From Taxpayers For Its Space Tourism Fantasy (Original Post) Judi Lynn Jan 2016 OP
The roller coaster for under-taxed billionaires paid for by the working class. PSPS Jan 2016 #1
Why wouldn't the people behind that fork out the $2 million themselves? PersonNumber503602 Jan 2016 #2

PersonNumber503602

(1,134 posts)
2. Why wouldn't the people behind that fork out the $2 million themselves?
Tue Jan 26, 2016, 10:59 PM
Jan 2016

Isn't that pocket change for a billionaire?

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