I see what you mean! A quarter of a billion is a lot of money...But in 2 counties who are desperate and VOTED to pass a levy to pay for it, I'd say it's worth a shot! @ $250,000 per ride, it'll take 1000 commercial rides into space to break even ;(. Mr. Branson better get the gitty on this one! They do have many successful test flights already completed. ;)
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oops article i read is here
http://krwg.org/post/some-question-heavy-taxpayer-investment-spaceport-america