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Updated: Tuesday, 08 May 2012, 6:08 PM MDT
Published : Tuesday, 08 May 2012, 6:08 PM MDT
ALBUQUERQUE (KRQE) - The site of a new ghost town in New Mexico has been chosen, and it will bring hundreds of new jobs to the state.
The research firm Pegasus Global Holdings announced today that Hobbs is the best place for the state-of-the-art project.
It will create a $1 billion site about the size of a town of 35,000 people complete with homes, streets and businesses but no residents.
Instead of being a place to live, it will be used for scientists to test renewable energy innovations, traffic systems, next-generation wireless networks and smart-grid security systems.
The company said it picked Hobbs because of its open spaces and infrastructure.
The test town will provide 1,500 construction jobs and 350 full-time jobs.
Groundbreaking is set for June for the privately funded project by Pegasus Global to be known as CITE, the Center for Innovation, Testing and Evaluation.
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