Virgin Galactic last week signed a 20-year lease agreement that calls for the tourist spaceflight provider to establish its headquarters in New Mexico and base its operations at the state-owned Spaceport America.

Infrastructure work at the spaceport site in south-central New Mexico will be financed with $100 million of state oil and gas severance tax bonds and $51 million of sales tax revenue bonds to be issued by a spaceport district formed by Sierra and Doña Ana counties.

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