Recent and Upcoming Project Milestones

Sales Tax Initiatives

• Dona Ana: Passed April 2007
• Sierra: Passed April 2008

Environmental Impact Study / ROD / License

• Draft EIS Released March 2008
• Review and Comment Periods Drive Early 2009 Record of Decision

Virgin Galactic

• Lease to be Signed Late 2008
• VG Vehicle Fabrication… Flight Testing to begin Summer 2008

AO13 DOT Roads & Bridges (Temporary Designation)

• Road and Bridge Design Complete (Double Pin Chip Seal)
• February 2009 Completion

Sierra Electric Agreement

• Draft Contract Est. Summer 2008 Signature

DMJM Infrastructure

• Design Completion May 2008
• Bid Packages Summer 2008

URS/Fosters Terminal and Hangar Facility

• Conceptual Design Complete June 2008

Southern Road

• Corridor Study
• Construction Plan Post Corridor Study

Welcome/Visitor Centers

• State Strategy Developing
• Sierra County Formal Welcome Center Resolution

Vertical Launch

• New UP Aerospace Agreement April 2008
• Additional Launches in 2008
• Active Discussion with Numerous Customers

2008 Objectives

1. Creation of a Spaceport District (Sierra & Dona Ana)
2. Successful Completion of EIS & ROD & FAA Site License
3. Signed Development Agreement and Lease with Virgin Galactic
4. Finalize Design, Prepare Bid Packages, Initiate Contractor Selection
5. Spaceport America Ground-Breaking Aligned with EIS/ROD & VG Schedule
6. Organizational Development to Deliver on Objectives