This paper examines real options for providing the wide-ranging system of civil and criminal law required for significant expansion of commercial business in low Earth orbit. The critical role for such a framework in developing large-scale permanently inhabited Space Business Parks (SBPs) over the next twenty years is detailed in the following areas: enabling investment resources, managing human conduct, and operating viable businesses based on such orbital assets. The need for bodies of regulation in matters of property rights, lienholder security, building codes, operating license procedures, tax matters, and matters of criminal conduct are discussed. Issues of Constitutional authority to regulate civil and criminal behavior are addressed. Five alternate models of governance are described, and their potential application to the space business environment is evaluated. An Orbital Trust Territories Act, modified by elements of the Law of the Sea model, is recommended for implementation by the U.S. Congress. This Act will facilitate American development of SBP's, and is justified as the best approach to securing a leading role for the United States in this high-potential growth market area.
Analysis of Alternative Governance Models for Space Business Parks
Fifth International Conference on Space ; 1996 ; Albuquerque, New Mexico, United States
1996-07-19
Conference paper
Electronic Resource
English
Analysis of Alternative Governance Models for Space Business Parks
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