HOU Infinity and Beyond
Houston airports may be feeling the financial pinch from federal spending cuts, but that isn’t stopping them from shooting for the stars. The Houston Business Journal reports last week’s automated sequestration cuts are already causing airport delays, and employee furloughs will lead to much longer waits at security and customs. Houston Airport System Executive Director Mario Diaz said this week that his organization is taking “preemptive steps” to reduce delays.
But once Houston airports solve their congestion problems, they’ll move on to much bigger things: HAS is “applying to license Ellington Airport as a spaceport,” which would allow it to serve as a “launch site for commercial spaceships” and a hub for aerospace companies, according to the HBJ.
The Bottom Line: Plans to establish Ellington as a space hub have been bandied about since 2011, but more pressing projects at Hobby and George Bush Intercontinental airports have caused the project to be placed on the back-burner, the HBJ reports.
A federal judge this week sentenced former GameStop vice president Chris Olivera to 51 months in jail for embezzling nearly $2 million from the company, which is headquartered in Grapevine. The Dallas Morning News reports Olivera pleaded guilty to “setting up dummy companies that did public relations work for him,” while siphoning the money back into his own pockets.
The Bottom Line: After GameStop uncovered the scheme in 2011, Olivera paid back the money within a week, according to the Morning News. The crime carries maximum sentence of 20 years but the former VP was given a lighter punishment because of his cooperation and lack of prior convictions.
Texas legislators this week proposed two new bills that