Gadling reports that the Sacramento airport is about to spend $767,000 on a giant red rabbit sculpture.

Yeah – you read that right. The better part of a million dollars is being spent on a piece of artwork at the airport that won’t be completed until 2011.

Why, you might ask, would that kind of money be spent at an airport for a giant rabbit? Because it’s “art” I suppose. You know – people like art. Of course, $767,000 would pay for a lot of wi-fi Internet too…which I think many travelers would like quite a bit more than a giant red rabbit.

The artist, Lawrence Argent, is making a career out of getting people to drop this kind of cash on giant animals. There is a giant horse at the Denver International Airport, and a giant bear at the Denver Convention Center which he has also convinced people to pay for.

Amazing.