"This world-class project, which will happen here in Illinois, will help scientists propel the American leadership in technology and engineering for decades to come. I want to commend Argonne National Laboratory and the Department of Energy for their far-reaching vision and the Illinois Finance Authority for helping to support this project," Blagojevich said.
Located on the boundary of Argonne's secure perimeter, the approximately 200,000-square-foot facility will be home to over 600 laboratory employees and will house research groups using one of the fastest computers -- the IBM Blue Gene/P -- to answer huge scientific questions.
Additionally, the facility will include an 18,000-square-foot centralized library, computational research labs and a conference center.
"We have worked diligently with our colleagues in the State of Illinois to leverage the economics of this innovative model of federal, state, and private sector cooperation and appreciate the Governor's and the State's support in advancing Argonne's contribution to science," said Dr. Robert Rosner, Argonne's laboratory director.
The Illinois Finance Authority issued the bonds that will provide financing for the project to a Delaware Statutory Trust, as part of a public-private financing and leasing agreement thought to be the first of its kind. By allowing private sector market forces to bear strongly in this process, this new facility should save the government over $10 million in life cycle cost savings.
"From its very beginning, computing has been an aid to the advancement of science; however, somewhere along the line there was a sea change. Computing is no longer just an aid, it is essential to almost every aspect of science and engineering across all disciplines," said Michael Turner, Argonne's chief scientist. "By focusing on the most challenging problems, this facility will enable breakthroughs across the broad frontier of science and engineering, benefiting both science and society. While we can imagine some of the breakthroughs that will come early on, we can only dream about those that will come over the long lifetime of this facility."