The new launch facility was projected in a 2014 study to generate US$85 million of economic activity in the city of Brownsville and eventually generate approximately US$51 million in annual salaries from some 500 jobs projected to be created by 2024.
so a "projection" to "eventually" generate 500 jobs? and it only cost taxpayers $200 million? Not bad that's only $400,000 a pop. How many passengers were they projecting to have by now?
Friday’s crash of Virgin Galactic’s spaceship is a setback for Spaceport America, the $218.5 million facility that New Mexico taxpayers funded in southern New Mexico.
another strawman
did anyone force the state of NewMexico or the local municipalites to invest?
I'd suspect that it's a high risk investment.
High Risk investments have a high risk of failure..also the possibillity of high rewards.
Another billionaire, Elon Musk, signed a three-year lease last year with Spaceport to test reusable rockets for his SpaceX venture and, according to Anderson, has already spent $2 million in infrastructure improvements.
You reckon the lease requires payments?
UP Aerospace is also a paying customer at Spaceport and, just days before the Virgin Galactic accident, a Tucson-based company called World View Enterprises, entered negotiations with Spaceport officials. World View intends on sending customers 20 miles into the stratosphere in cutting-edge balloons.
So...there are three customers mentioned...one might have some problems paying the rent..
2 million of improvements to a 200+ million dollar taxpayer funded facility, that's lovely.
have taxpayers recouped their $200+ million yet?
So how much of what Musk pays towards his lease comes from taxpayers?
did 500 jobs paying an average of $100,000 materialize?
Ever seen The Music Man? I don't think taxpayers should be funding his ambitions. I would be more supportive of his projects if I wasn't underwriting them. I get that you like technology but do you support the part where taxpayers fund his crap?
the Simpsons version of the music man is actually even a better example
Actually this is the fourth.
so a "projection" to "eventually" generate 500 jobs? and it only cost taxpayers $200 million? Not bad that's only $400,000 a pop. How many passengers were they projecting to have by now?
where do you get the $200 Million part?
https://www.watchdog.org/national/can-spaceport-america-recover-or-was-taxpayers-money-lost-in/article_5861d0d3-96f9-5425-bfb5-ecb039f98f98.html
Probably more since then. They haven't been flying the regular sub orbital passenger flights have they?
by the way.
virgin galactic made a successful test flight just recently
and how many of these people have flown?
seems a bit behind schedule but no matter the state of NM and local municipalities taxpayers are on the hook
another strawman
did anyone force the state of NewMexico or the local municipalites to invest?
I'd suspect that it's a high risk investment.
High Risk investments have a high risk of failure..also the possibillity of high rewards.
You reckon the lease requires payments?
So...there are three customers mentioned...one might have some problems paying the rent..
Is that right?
2 million of improvements to a 200+ million dollar taxpayer funded facility, that's lovely.
have taxpayers recouped their $200+ million yet?
So how much of what Musk pays towards his lease comes from taxpayers?
did 500 jobs paying an average of $100,000 materialize?
pay attention.
the 500 jobs is referring to the BrownsVille facility.
I don't know if ANY taxpayer money was involved there.
You don't know the difference between SpaceX (which we've been discussing) and Virgin Galactic?
I don't know why you are saying that.
read your responses...I was speaking of SpaceX..you were referring to Virgin Galactic.
why?
It's a boondoggle and example of crony capitalism
kinda like the interstate highway system?
yeah, except you and I won't use it every day.
so MANY strawmen.
tell me...why do you not like Elon Musk?
Ever seen The Music Man? I don't think taxpayers should be funding his ambitions. I would be more supportive of his projects if I wasn't underwriting them. I get that you like technology but do you support the part where taxpayers fund his crap?
the Simpsons version of the music man is actually even a better example
you keep avoiding my question.
I guess you're not being serious.