Sunday 7 September 2014

SpaceX Texas launch facility gets no-tax deal with hosting county

Science Focus

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More details emerged this week about the deal that lured California-based SpaceX into choosing southern Texas as the site of its commercial space launch facility. According to a short write-up by the Brownsville Herald, SpaceX representatives have an agreement in hand that would exempt the facility, located in Cameron County, from paying county taxes for ten years.

Additionally, the Herald says that SpaceX will also accept $13 million in state funds from Texas’ Spaceport Development Trust Fund (along with $2.3 million in additional monies from the Texas Enterprise Fund), which will help offset the $85 million that SpaceX expects to spend developing the site.

The final details of the agreement won’t be released to the public until SpaceX formally signs off, which Cameron County officials expect will be some time next week.

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