New Mexico Spaceport creates plan to boost revenue

Land Rover, Virgin Galactic Space Contest

ALBUQUERQUE (KRQE) – The New Mexico Spaceport has a new master plan to attract tenants and boost revenues.

It calls for building a new hangar at Spaceport America, developing the vertical launch area and offering about 300 acres for lease to aerospace and other tech-related companies.

The hope is to generate more than $3 million dollars a year in rent.

The state has been losing millions because of the repeated delays by Virgin Galactic.

It could be late 2017 before it begins launching space flights from the spaceport.

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