Homans said the project would take advantage of an additional $35 million already set aside by the Legislature for upgrading transportation and runways. He said New Mexico's congressional delegation would seek federal backing as well, because the project would benefit the nation as well as the state of New Mexico.
Homans said New Mexico's financing plan also depends on revenue from a new gross-receipts tax that would have to be enacted by local governments in southern New Mexico. The local tax could generate $10 million to $12 million a year, he said. "That piece still has to be worked out, depending on what kind of support comes from southern New Mexico. ... We've got more work to do there," Homans said.
Un huh. I'd say so.
We need to move Roswell over there and have the UFO folks join in