A sad story in the L.A. Times yesterday at
http://www.latimes.com/business/20001228/t000123648.html:
The property of a company based at the Mojave Airport that planned
to build a reusable spaceship and included writer Tom Clancy as an
investor, was seized by Kern County for failure to pay property taxes.
The Rotary Rocket Co. property and other company assets, including a
low-altitude test craft described as looking like a six-story traffic
cone sprouting helicopter blades, will be put up for auction Jan. 10.
"Something like this is our last resort," said Dwight Richardson, an
investigator for the county Treasurer-Tax Collector, after Tuesday's
seizure.
The minimum bid of $55,917.48 will cover the property taxes owed for
2000 and 2001 plus the county's expenses for the seizure and auction,
county officials said.
Anybody want a Roton for their back yard? $55K sounds pretty cheap.
Cool pix at http://www.rotaryrocket.com/new/content-photo.html.
Hal
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