- Dec 28, 2020
- 5 min
Spaceport "Sunk Costs." Knowing When To Fold.
A member of the Spaceport Camden Steering Committee who once commanded Patrick Air Force Base at Cape Canaveral recently wrote, "Whether the investment in Spaceport Camden over the past years was spent wisely is not relevant to whether the spaceport should go forward. As any business investor knows, the decision to proceed with a project should depend on the potential return on investment going forward. Sunk costs are 'sunk.' If the Spaceport were canceled now, the return on
- Dec 18, 2020
- 10 min
Rebuttal: General Dickman Letter to the Editor
Dear General Dickman, I just read your Letter to the Editor in today’s Tribune & Georgian. As always, I like to deal with facts, so please accept this letter in the spirit of a search for the truth. To make sure that we are both on the same page, I’ll post your statement, then provide my rebuttal. ****About “sunk costs,” you wrote: “Whether the investment in Spaceport Camden over the past years was spent wisely is not relevant to whether the spaceport should goforward. As an