Virgin Galactic to make 1st Spaceport rent payment

Posted at: 01/10/2013 8:56 AM
Updated at: 01/10/2013 5:23 PM
By: The Associated Press

LAS CRUCES, N.M. (AP) - State officials say Virgin Galactic will make the first-ever rent payment for use of Spaceport America.

New Mexico Spaceport Authority executive director Christine Anderson told the Las Cruces Sun-News that Virgin Galactic rent will begin accruing Jan. 15.

According to a calculation based on spaceport information, the company's payment will be $85,833 monthly.

The payment comes after Virgin Galactic said late last year it will re-think its plans in New Mexico, if a bill that would prevent lawsuits against spaceflight parts manufacturers fails once more to clear the legislature. Spaceport supporters have said the law change is crucial to the facility's future.

State officials also said a funding shortfall to build a southern road to the spaceport is prompting them to seek another $3 million from the Legislature.

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