On Tuesday it was announced that a city in southeastern New Mexico will be where a new $1 billion ghost town will be located.
Gov. Susana Martinez, as well as some investors, made the announcement. The $1 billion ghost town is where researchers will test a variety of things. Researchers will test out a wide range of stuff such as renewable energy innovations, next-generation wireless networks, intelligent traffic systems and a bunch of other stuff.
Pegasus Holdings and CITE Development, their New Mexico subsidiary, said that they had other potential sites in mind, according to MSNBC. The company said that Hobbs actually beat out a location that was located near Las Cruces.
According to Zee News, the town is going to be modelled on Rock Hill city, which is a real city in South Carolina. The town will be complete with commercial buildings which will be old and new, as well as houses and even roads.
Nobody will be living in the town but they could if they wanted to because the houses will be equipped with many different necessities. Appliances, plumbing and other necessities will be in the homes.
Bob Brumley, the senior managing director of Pegasus Holdings, said that the only thing that his company and researchers will not be doing is destructive testing, which includes blowing things up, according to the Washington Post.
Hobbs is not that far from the Texas border. Hobbs' local leaders have been wanting to expand Hobbs and the surrounding area's reputation by including ventures in economic development.