CHICAGO
01/11/2009 05:12 am ET Updated May 25, 2011

University Of Chicago Loses Bid For $550M Particle Accelerator

Argonne National Laboratory lost its bid for a government project that would have generated hundreds of jobs and brought millions of dollars to the state's economy.

The U.S. Department of Energy's Office of Science announced Thursday it decided to award a $550-million physics research project to Michigan State University.

"Both applicants fully addressed all aspects of the rated criteria, and demonstrated a very good understanding of the major issues," the Department of Energy said in a statement. "However, MSU's application provided the strongest proposed budget that was reasonable and realistic."

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