I feel like passion projects can be worth it. You’d want passion, and to attract people who want to work on cool stuff and do difficult or impossible things just because they’re hard or fun.
Let them do that without taxpayer money! If NASA announced, "We're looking for investors to revive our SR-71: for $10 million you get a sticker with your logo in the cockpit and for $50 million you can have a ride." I'm sure they'd have plenty of takers.
The administrator just wants to fly it around? Seriously?
What a joke.