Spaceport Fiasco in the Making?

The Governor is pushing a massive subsidy to establlish a spaceport in New Mexico. Like the train to nowhere, it is a venture with little likelihood of success and a certainty of draining the state’s taxpayers for its entire life.
Do we really believe that there is a huge demand for suborbital flights that cost $200,000 per? One crash and the market, whatever it turns out to be, will dry up permanently.