Billionaire Musk chooses South Texas site for SpaceX launchpad

[TexasTowelie]

SpaceX has chosen a South Texas site to build its planned commercial rocket launch facility,Texas Gov. Rick Perry's office said Monday.

Texas is offering $2.3 million in incentives to SpaceX from the Enterprise fund, the governor's office said. The state is offering $13 million from the Spaceport Trust Fund to the Cameron County Spaceport Development Corp. The Spaceport Trust Fun is used to support the development of infrastructure necessary for establishing a spaceport.

Founded by billionaire Elon Musk, SpaceX plans to build the world's first private, commercial vertical rocket launch site. The proposed South Texas site — which is at Boca Chica, a remote beach surrounded by wildlife areas about 20 miles east of Brownsville — had been competing with sites in Florida and Georgia for the launch facility.

SpaceX getting the state incentives money is contingent on approval of local incentives deal, the governor's office said. The facility is expected to create 300 jobs and bring $85 million in capital investment into the local economy.

More at http://www.dallasnews.com/business/business-headlines/20140804-billionaire-musk-chooses-south-texas-site-for-spacex-launchpad.ece .

[RussBLib]

1. We'll be able to watch launches from our house on South Padre Island

...when we finish building it.

...in a few years.

...after we retire.