PAYMENTS, BUT WITH CONDITIONS
1:52PM Monday
January 28, 2013

 

THE RENT FROM VIRGIN GALACTIC SHOULD START COMING IN FOR ITS USE OF THE NEW MEXICO SPACEPORT. HOWEVER, THE COMPANY SAYS IT'S PAYING IT UNDER PROTEST AND IT'S NOT WAIVING IT'S RIGHT TO WALK AWAY FROM THE PROJECT. VIRGIN GALACTIC SAYS THE STATE HASN'T FINISHED THE WORK NEEDED TO TRIGGER PAYMENT OF THE 1-MILLION DOLLAR A YEAR RENT. IT'S ALSO GIVING THE STATE UNTIL MARCH 31ST TO COMPLETE THE REQUIRED WORK OR IT MAY TERMINATE ITS LEASE AND STOP THE PAYMENTS. THE SPACEPORT SAYS IT HAS MET ALL ITS OBLIGATIONS.

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