Wednesday, April 14, 2021

Boca Chica 3

 (cont'd from yesterday's post)

SpaceX is willing to throw even more money at Boca Chica. They offered each of the  ~40 residents three times the appraised value for their properties. 

The company plans nothing but growth and construction, and finds it harder to adequately protect the village from possibilities like the explosion of Starship prototypes since all residents live less than 2 miles away. The Federal Aviation Administration required SpaceX to increase its liability insurance from $3 million to $100 million.

Some sold their homes, took the money and left (as another incentive, Elon Musk said they could return for VIP launch-viewing events).  A few originally stayed, set up webcams and Facebook pages, and waited for better offers.

And some still remain. It's possible that the government could force them out by eminent domain in the interest of the local economy. As of last October, ten residents are still there. Meanwhile, SpaceX reportedly plans to make a resort out of Boca Chica.

from Business Insider

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