Popular Post texan Posted June 7, 2021 Popular Post Share Posted June 7, 2021 Here's what the facility will look like The Houston Spaceport is really becoming a hub of activity, another major tenant will be announced this month and will build a 125,000 sf facility to support 250 jobs. In addition, a new EDGE center is being planned. With the unnamed development, Axiom, and Collins, 1500 jobs will be created at the spaceport. https://communityimpact.com/houston/bay-area/development/2021/06/02/houston-spaceport-to-one-day-house-new-larger-training-facility/ 15 1 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted June 10, 2021 Popular Post Share Posted June 10, 2021 And the latest anchor tenant has been announced! Intuitive Machines will build a $40 million, 125,000 sf facility on a 12.5 acre lot. This will represent an expansion from their space in the HASC. It's a great to see another Houston born and grown company as anchor tenant at the spaceport. https://communityimpact.com/houston/bay-area/development/2021/06/10/breaking-intuitive-machines-expanding-in-houston-spaceport/ 15 Quote Link to comment Share on other sites More sharing options...
tangledwoods Posted June 10, 2021 Share Posted June 10, 2021 Quote Under the agreement, which has yet to be approved, the city of Houston will pay up to $40 million for the facility to be built. The city will recover its investment through a 20-year lease agreement, officials said. Why in hell is the city spending $40mil when this company could easily go out and bank finance the job themselves (or get a developer involved)? I wasn't aware that our tax dollars are being used to fund commercial development.... 4 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted June 11, 2021 Share Posted June 11, 2021 6 hours ago, tangledwoods said: Why in hell is the city spending $40mil when this company could easily go out and bank finance the job themselves (or get a developer involved)? I wasn't aware that our tax dollars are being used to fund commercial development.... Corporate welfare, the only welfare in America that's not demonized. 7 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 11, 2021 Share Posted June 11, 2021 (edited) 11 hours ago, jmitch94 said: Corporate welfare, the only welfare in America that's not demonized. Your post and the prior one rather step on your point. ;-) In any event, it's a little short of "welfare" to lease a building out to someone at a price that will fully repay the costs (and at the end of the lease, the City still owns the land and the building). Edited June 11, 2021 by Houston19514 5 Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted June 12, 2021 Share Posted June 12, 2021 On 6/11/2021 at 9:21 AM, Houston19514 said: Your post and the prior one rather step on your point. ;-) In any event, it's a little short of "welfare" to lease a building out to someone at a price that will fully repay the costs (and at the end of the lease, the City still owns the land and the building). That’s assuming they stay in business and or hold up their end of the deal or even worse, aren’t granted more tax brakes in the future. 3 Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 14, 2021 Share Posted June 14, 2021 On 6/12/2021 at 9:40 AM, jmitch94 said: That’s assuming they stay in business and or hold up their end of the deal or even worse, aren’t granted more tax brakes in the future. Even if they don't hold in business or hold up their end of the deal, that hardly turns this transaction in to welfare. The City would still not be giving the company anything. And any hypothetical tax [breaks] that might be imagined in the future don't change the reality of this transaction. 2 Quote Link to comment Share on other sites More sharing options...
79ta Posted June 14, 2021 Share Posted June 14, 2021 On 6/10/2021 at 4:03 PM, tangledwoods said: The city will recover its investment through a 20-year lease agreement When it says the investment will be recovered, is that 2021 dollars or 2041 dollars? For example, $1 in May 2001 would be $1.52 in May 2021. So if that rate holds $40M now would be something like $91M in 20 years. (Someone please check the math) Quote Link to comment Share on other sites More sharing options...
Houston19514 Posted June 14, 2021 Share Posted June 14, 2021 (edited) 1 hour ago, 79ta said: When it says the investment will be recovered, is that 2021 dollars or 2041 dollars? For example, $1 in May 2001 would be $1.52 in May 2021. So if that rate holds $40M now would be something like $91M in 20 years. (Someone please check the math) Good question. From the City Council minutes documents, it looks like the lease terms will actually provide for more than full cost recovery. First, at least in the first 10 years, there is a built-in escalator of 2.5% annually. Second, the lease terms appear to add up to 145% cost recovery (plus the value of the annual escalators). (2.5% per year for the first 5 years; 5% per year for the second 5 years; 10% per years for the third five years; and 11.5% per year for the fourth five years). In addition to that, the lease will charge them an additional amount for the ground lease, based on a FMV set by appraisal. PLUS, the City has allocated up to $4 Million for planning and design. If the company ends up not entering in to the lease, they will be required to reimburse the city for that. Edited June 14, 2021 by Houston19514 8 Quote Link to comment Share on other sites More sharing options...
Popular Post Urbannizer Posted June 29, 2021 Popular Post Share Posted June 29, 2021 http://www.houstontx.gov/council/committees/econdev/20210610/spaceport.pdf 10 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted June 29, 2021 Popular Post Share Posted June 29, 2021 58 minutes ago, Urbannizer said: http://www.houstontx.gov/council/committees/econdev/20210610/spaceport.pdf Sharp looking facility for Intuitive Machines! Can't wait to see what Axiom's facility will look like. 15 1 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted July 15, 2021 Popular Post Share Posted July 15, 2021 Thales Alenia Space and Axiom have signed a $130 million contract to build the pressure vessels of the first two modules of Axiom's station. Thales Alenia built the pressure vessels for most of the American side of the ISS. Quote The welding activities of the primary structure of the first module will start in September 2021, with the assembly process concluding in 2022. The first module will arrive at Axiom facilities in Houston in July 2023, where Axiom will integrate and outfit the core systems and certify it for flight prior to shipping to the launch facility. This is the key piece of the release. At a minimum, Axiom's campus has to be ready in the first half of 2023, so we should see more movement on their buildings soon! https://www.thalesgroup.com/en/worldwide/space/press_release/thales-alenia-space-provide-first-two-pressurized-modules-axiom-space 19 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 15, 2021 Share Posted October 15, 2021 7 Quote Link to comment Share on other sites More sharing options...
hindesky Posted October 20, 2021 Share Posted October 20, 2021 9 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted October 20, 2021 Popular Post Share Posted October 20, 2021 42 minutes ago, hindesky said: This is an extremely exciting project although to be clear it is at the Johnson Space Center, not the Houston Spaceport. 10 Quote Link to comment Share on other sites More sharing options...
Popular Post ChannelTwoNews Posted December 4, 2021 Popular Post Share Posted December 4, 2021 On 6/28/2021 at 8:18 PM, texan said: Sharp looking facility for Intuitive Machines! Can't wait to see what Axiom's facility will look like. Intuitive Machines breaks ground on lunar operations center at Houston Spaceport - Houston Business Journal (bizjournals.com) Quote Intuitive Machines breaks ground on lunar operations center at Houston Spaceport By Florian Martin – Reporter, Houston Business Journal Dec 3, 2021 Updated Dec 3, 2021, 3:15pm CST Houston-based aerospace company Intuitive Machines has broken ground on a $40 million lunar operations center at the Houston Spaceport. It will consist of a 110,000-square-foot facility for offices, mission control rooms and production space as well as a separate 5,000-square-foot propulsion test facility. The center, which was designed and will be built by Kansas City-based Burns & McDonnell, is expected to be completed by the end of next year. The city of Houston, which will own the building and lease it to Intuitive Machines, is paying for the construction. Under a memorandum of understanding, the company will reimburse the city over the course of the 20-year lease. 12 1 Quote Link to comment Share on other sites More sharing options...
texan Posted January 19, 2022 Share Posted January 19, 2022 A few smaller updates have occurred since early December. With Intuitive Machines' and Collins' facilities under construction, Axiom's site is moving ahead in the planning stages and they expect to move their headquarters to the facility next year. Recently, Axiom awarded Jacobs a design contract for their assembly, integration, and testing facility's construction. The first pieces of the Axiom Station are expected to arrive in Houston from Italy in early 2023, according to Axiom's website. https://www.bizjournals.com/houston/news/2022/01/07/has-iah-spaceport-construction.html https://www.axiomspace.com/axiom-station https://executivegov.com/2022/01/axiom-space-selects-jacobs-to-construct-facility-at-houston-spaceport/ The spaceport was awarded a $5 million grant from the state out of the Spaceport Trust Fund for infrastructure development (SpaceX's spaceport in South Texas was also awarded the same amount). https://www.houstonchronicle.com/news/houston-texas/space/article/Abbott-grants-10-million-to-spaceports-in-16773595.php 9 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted February 28, 2022 Popular Post Share Posted February 28, 2022 Exciting updates! Venus Aerospace is planning a 250,000 sf facility. Two additional projects are being pursued will be over 600,000 sf and provide 1800 new jobs. Excluding Venus (numbers not provided), in the next few years there could be 3300 people working at the Houston Spaceport! https://communityimpact.com/houston/bay-area/development/2022/02/23/2-new-major-developments-coming-to-houston-spaceport/ Discussions have begun between Houston Spaceport, the airport system, San Jacinto College, Rice, Texas A&M, Texas Southern, and UHCL on the establishment of a Houston Spaceport Center for Research Education and Workforce development (HS-CREW). https://bayareahouston.com/business-briefs/ 18 5 Quote Link to comment Share on other sites More sharing options...
texan Posted April 6, 2022 Share Posted April 6, 2022 Venus Aerospace has raised an additional $20 million to advance their technology. No mention of their new facility though. https://www.houstonchronicle.com/news/houston-texas/space/article/Houston-company-developing-a-hypersonic-plane-17058471.php 4 Quote Link to comment Share on other sites More sharing options...
hindesky Posted April 15, 2022 Share Posted April 15, 2022 (edited) Axiom Space. https://www.axiomspace.com Interior architects - https://www.cdi-douglass-pye.com Edited April 15, 2022 by hindesky 9 Quote Link to comment Share on other sites More sharing options...
asubrt Posted April 15, 2022 Share Posted April 15, 2022 8 minutes ago, hindesky said: Axiom Space. https://www.axiomspace.com Interior architects - https://www.cdi-douglass-pye.com I didn't realize they were using the old Fry's Electronics building. It's a good 10-15 minutes from the spaceport. 3 Quote Link to comment Share on other sites More sharing options...
texan Posted April 15, 2022 Share Posted April 15, 2022 (edited) 9 hours ago, asubrt said: I didn't realize they were using the old Fry's Electronics building. It's a good 10-15 minutes from the spaceport. I believe it's temp space just because they're growing insanely fast and haven't started construction on their campus at the spaceport yet EDIT: I wonder if they'll make use of the ISS model inside 🤔 Edited April 15, 2022 by texan 7 2 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted May 11, 2022 Popular Post Share Posted May 11, 2022 Axiom broke ground on their spaceport headquarters today! https://www.axiomspace.com/news/axiom-hq-spaceport 19 3 Quote Link to comment Share on other sites More sharing options...
texas911 Posted May 12, 2022 Share Posted May 12, 2022 Awesome news! Maybe we can get Space X to move its head quarters here. 8 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted May 12, 2022 Popular Post Share Posted May 12, 2022 7 hours ago, texas911 said: Awesome news! Maybe we can get Space X to move its head quarters here. That would be an even bigger coup than Austin getting the Tesla factory. Important to note that Axiom and SpaceX have deep ties that are only getting deeper. SpaceX is currently Axiom's transportation partner and likely will continue to be once the Axiom becomes independent of the ISS. SpaceX has also stated they have little interest in developing habitats for the Martian surface which I think perfectly tees Axiom up to step in and be their habitat partner. Maybe Axiom also jumps in to develop the Artemis Base Camp on the lunar surface for NASA? 12 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 16, 2022 Share Posted May 16, 2022 5 Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 31, 2022 Share Posted May 31, 2022 6 Quote Link to comment Share on other sites More sharing options...
Popular Post texan Posted July 26, 2022 Popular Post Share Posted July 26, 2022 Great article on Axiom's redevelopment of Fry's into their engineering building. All space memorabilia will stay! http://www.collectspace.com/news/news-062822a-axiom-space-station-former-frys-building.html 9 3 Quote Link to comment Share on other sites More sharing options...
texan Posted September 1, 2022 Share Posted September 1, 2022 Collins had their ribbon cutting yesterday. https://www.click2houston.com/news/local/2022/08/31/watch-live-ribbon-cutting-ceremony-held-for-new-collins-aerospace-building-at-houston-spaceport/ 7 Quote Link to comment Share on other sites More sharing options...
Popular Post hindesky Posted September 16, 2022 Popular Post Share Posted September 16, 2022 17 Quote Link to comment Share on other sites More sharing options...
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