Some bad news for World View Enterprises: a judge has voided a contract between the high-altitude balloon company and Pima County in Arizona.
Pima County Superior Court Judge Catherine Woods said Pima County was obligated to appraise the land and hold a public auction before agreeing to a $15 million incentives package for World View Enterprise last year.
Woods wrote the Legislature “intended to protect public resources from being used wastefully, or with fraud or favoritism.”
Goldwater Institute filed the lawsuit in April, months after the Pima County Board of Supervisors approved an incentives package for World View Enterprise that included building a 120,000-aquare-foot headquarters facility, 15,000-square-foot mezzanine and a launch pad.
World View would pay to lease the building and own it after 20 years of payments. The space exploration company develops high-altitude balloons for commercial, government and research purposes.
World View recently sent out press invitations for a grand opening on Feb. 28.