hal@finney.org wrote:
>
> 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
More detailed (and up to date) info at
http://www.bakersfield.com/local/Story/264884p-248504c.html
Rotary Rocket was good for me, it was a graduate-level course in engine
development and business management, at their expense. Sad to see it
end this way.
-- Doug Jones Rocket Plumber
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