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CHICAGO (WLS) — A lakeshore at the south end has been selected as the future home of a new quantum computing campus.
It will be in what was long unoccupied at the former U. S. plant. Steel South Works, at 87th Street and South DuSable Lake Shore Drive.
Company officials chose the shuttered Far South Side site, rather than a former Texaco refinery in southwest suburban Lockport.
“PsiQuantum’s investment in the city of Chicago is a revolutionary step into the future, making our city the proud home of America’s first large-scale quantum computer,” Mayor Brandon Johnson said in a statement. “This monumental task will revolutionize the fields of medicine and blank energy, creating countless jobs and driving economic growth. “Together, we are ushering in a new era of innovation, justice and sustainability for the South Side, cementing Chicago’s position as a global center for technological advancement. ”
A rendering of what the Silicon Valley tech startup’s PsiQuantum facility will look like has been released.
RELATED: Illinois announces new $140 million federal investment for quantum computing research
Officials say the multimillion-dollar facility will span about 300,000 square feet and employ up to 150 more people over five years.
PsiQuantum announced plans to anchor the new Illinois Quantum and Microelectronics Park (IQMP), which will run within the state’s quantum ecosystem, which includes the University of Illinois Urbana-Champaign (UIUC), the University of Chicago, the Chicago Quantum Exchange, Argonne, and Fermi. National Laboratories and DARPA, the Advanced Research Projects Agency of the U. S. Department of Defense, are participating in the Advancement of Drug Administration. and others.
The Illinois state budget for fiscal year 2025 committed $500 million to advance Quantum Park, PsiQuantum reported.
The city of Chicago has invested $5 million in its Housing and Economic Development Bonds.
Gov. J. B. Pritzker and Johnson spoke about Thursday afternoon.
“Given the infinite perspectives of quantum computing generation, we have interaction in associations, studies and quantum infrastructure throughout our country. In Illinois, we’re leading the pace with this first-of-its-kind quantum generation park to bring together stakeholders, experts, and generations of long-term quantum leaders. I am grateful that PsiQuantum will be our anchor tenant as we launch this exciting collaboration to create long-term jobs, and the choice of PsiQuantum for Chicago solidifies our prestige as a center. global quantum computing,” Pritzker said in a statement.
So far, the generation has largely focused on progression.
The local government says the cost of the quantum campus is estimated at $9 billion, but that it could generate only about $20 billion over the next 10 years.
“This is the long term we are entering today and we are all incredibly proud of it,” said the rector of the University of Urbana-Champaign.
Supporters have not distinguished themselves on the possible environmental effects the campus may have and have not said whether the existing one is contaminated.
But local network activist A. Anne Holcomb has her thoughts and is convinced by the promises made to the network and its residents.
“We work in a network to obtain benefits; We protect the environment. We perform tasks. We conduct training,” Holcomb said.
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