Blue Origin reportedly nears deal with state on rocket facility by KSC [Update]

August 20, 2015
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NewSpace Watch
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August 20, 2015

Appears that Blue Origin is moving closer to finalizing the placement of a facility on Florida’s Space Coast for assembling rockets and launching them from the Cape: State nears launch deal with Blue Origin – Florida Today.

Howard Haug, Space Florida’s treasurer and chief investment officer, said the deal represented more than $200 million of investment and several hundred jobs.

The funding will include $18 million combined from the Florida Department of Transportation, which supports aerospace infrastructure, and from the North Brevard Economic Development Zone.

Update: Stephen C. Smith points to additional info on the deal :

On page 51 of the Space Florida document (Project Panther is the code name for the Blue Origin project):

As the board may recall from our last meeting, Project Panther is competitively evaluating locations throughout the country and has expressed interest in securing long-term land and facility use agreements at the Cape Canaveral Spaceport Complex for a number of properties. In conjunction with the project effort, the customer has expanded efforts to include a manufacturing facility. Space Florida is currently in the process of negotiating a Manufacturing and Launch Site Project Term Sheet, related leases and the respective securing of funding associated with the project.

The funding source documents include not only traditional lending for facilities and equipment, but funding from the Florida Department of Transportation (FDOT) and the North Brevard Economic Development Zone (NBEDZ). The current plan is for this project to be funded using Space Florida’s conduit debt structure.

At this time, Space Florida is requesting board approval for management to complete negotiations and enter a Term Sheet that is intended to serve as the basis for the transaction structure for the project which will be memorialized in mutually binding transaction documents to be entered by the parties. In conjunction with entering the term sheet, Space Florida is requesting board approval to complete negotiations and enter long-term lease agreements with Panther for real and tangible personal property to be located at the Cape Canaveral Spaceport Complex, and to enter funding agreements with FDOT, NBEDZ and to secure funding by pledging the leases in a conduit debt structure.

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