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Google executives set to break ground on $82 million private air terminal next month
Google's ruling trio of Larry Page, Sergey Brin, and Eric Schmidt are reportedly ready to begin construction of a 29-acre, $82 million private air terminal at Mineta San Jose International Airport. (appleinsider.com) Daha Fazlası...
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Here is another view of the fuel situation:
http://online.wsj.com/news/articles/SB10001424127887323864604579069730686941454
If H211 is not paying the retail price that the fuel would cost elsewhere, then the taxpayer is in effect subsidizing it.
http://online.wsj.com/news/articles/SB10001424127887323864604579069730686941454
If H211 is not paying the retail price that the fuel would cost elsewhere, then the taxpayer is in effect subsidizing it.
Quoting your article: "The Pentagon probably didn't lose much, if any, money on the fuel sales. The agency says it recently charged H211 on a cost-plus basis, and before that charged a standard budgetary price that was infrequently reset but over time reflected the government's costs."
I agree that the taxpayers lost out on taxes that would have been paid had the fuel been bought at market prices with excise and fuel flowage taxes, but I believe to say the purchase was subsidized by taxpayers is misleading.
I agree that the taxpayers lost out on taxes that would have been paid had the fuel been bought at market prices with excise and fuel flowage taxes, but I believe to say the purchase was subsidized by taxpayers is misleading.
I never said the Pentagon lost money, they were paid the cost of the fuel by H211. But the cost is less than retail.
The fuel used by the Pentagon is paid for by the taxpayer, and letting H211 use fuel at those below-retail prices means that the taxpayer is subsidizing H211. The only way the taxpayer wouldn't be subsidizing the fuel would be if the Pentagon was getting it at cost.
And whether H211 paid local taxes as required is a whole different story.
The fuel used by the Pentagon is paid for by the taxpayer, and letting H211 use fuel at those below-retail prices means that the taxpayer is subsidizing H211. The only way the taxpayer wouldn't be subsidizing the fuel would be if the Pentagon was getting it at cost.
And whether H211 paid local taxes as required is a whole different story.
When did it become evil for a company to make profits? Seems to me the facility will have to be staffed. The company will employ crew members to fly and staff the planes and then you have maintance staffing. Good for the company building their own facility and for the use of the runway that is paid for out of the fuel taxes that they pay.
Will this terminal have free wi-fi access?
Here are the facts:
1) Google as a company has nothing to do with this development. Signature is building a new FBO at SJC with some financing from Blue City, LLC which manages the aircraft owned by Larry, Sergey and Eric. The aircraft are owned by H211, LLC.
2) This FBO is NOT just for Google's aircraft. Like any $ignature location, any aircraft from a Cessna 150 to Boeing 767 who buys gas or pays ramp fees can use the facility.
3) No taxpayer money is being spent on this project. Signature is paying $2.6m in annual rent, along with tax and fuel flowage guarantees.
4) Comments below said Google was buying taxpayer subsidized fuel at NUQ. That's not entirely true - the fuel at NUQ is purchased by the US government at below market rates due to the volume and is the only fuel available at NUQ and Google paid the same price charged to all other aircraft operators. They also paid about $1.3m per year in hangar rent.
Accurate information about the development is available here: http://www.flysanjose.com/fl/about/newsroom/2013_releases/WestSide.htm