NASA funds Flying Car competition

I know we're all disappointed that the flying cars we were promised way back in the Fifties and Sixties haven't come to fruition yet. I mean we're not living in the future until we have flying cars, right? Luxist has learned that NASA is addressing our grievances by funding the Personal Air Vehicle Challenge. Up for grabs are $250,000 in prize money for a variety of advancements in flying vehicle technology. You could earn $25,000 for an advancement in noise control and $150,000 for a "vehicle with two to six seats that can fly at least 130 mph for a 300-mile range while being fuel-efficient and making good time door-to-door." Luxist's Deidre Woolard makes the good point that NASA doesn't have the dough to put up a proper incentive for this challenge. Perhaps Paul Allen is looking for another pet project to fund.