The State Fair Made Errol McKoy Rich. Now He Plans To Make Even More Money.

Errol McKoy used to run the State Fair of Texas. He retired last year. In 2010, when he was making about $760,000 (when directors of comparably sized fairs were making about $200,000), we published a story that basically asked: WTF? I bring this up so you have context for the story that Cheryl Hall wrote McKoy’s next venture, a magnetic-powered jet boat amusement ride that will cost about $15 million to build and that McKoy projects will earn him up to $1.5 million a piece in royalties. Here’s the line in Hall’s story that caught my eye:

For the last decade, McKoy has worked with engineers to refine his propulsion system.

So McKoy was doing all this work on the weekends? I mean, I know for the past decade he was working for the Fair. And, judging from his salary, he was working hard. Maybe the jet boat development was just after hours? Or when he took vacation time?

Asking for a friend.

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