For Star subscribers: Pima County proposed a new lease-purchase agreement with the high-altitude balloon operator to comply with an appeals-court ruling.
David Wichner Pima County officials say a proposed new lease-purchase agreement with high-altitude balloon operator World View Enterprises will bring the county into compliance with a ruling that the original deal violated the state constitution.
The original $15 million deal includes the lease of a 12-acre county-owned site and construction of a launch pad and headquarters for the company, which has flown its stratospheric balloon vehicles for remote-sensing research missions and is preparing to offer near-space tourism flights in 2024. Under the proposed new lease deal, World View would pay rent for the initial five-year term based on 90% of appraised value “as authorized by statute,” with 2.5% percent annual increases.
The new lease also lowers the employment milestones World View had to reach under the current lease, though required salary levels have increased. The original lease required World View to to employ an average of at least 100 workers over the first four years of the contract, at a minimum annual salary of $50,000, stepping up to 400 workers with salaries of at least $60,000 annually in the fourth five-year period.
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