LAS CRUCES — Pegasus Global Holdings, the group behind plans to build a $1 billion scientific mock town in New Mexico, said Tuesday it has narrowed its list of potential sites to two: Doña Ana County or Lea County, in eastern New Mexico. The Center for Innovation, Technology and Testing, or CITE, will be built either north and west of Las Cruces, or in Hobbs.
Pegasus Global Holdings filed lease applications Tuesday with the State Land Office for more than 15,000 acres of state trust land near Corralitos Ranch, north and west of the city, and for 1,000 acres near Hobbs. Pegasus would also need to acquire some private land in Lea County.
“The applicants have said that this privately owned and operated project could bring as many as 3,500 new jobs to either area,” said State Land Commissioner Ray Powell, who was in Las Cruces on Tuesday. “In addition, a commercial lease on this property would earn much more revenue for our public schools, universities and hospitals. These are both very unique and interesting proposals that we will review thoroughly.
“When we have a full understanding of the two proposals, we will visit with local leaders and community members to make sure this type of project fits the vision of the two local areas. Well be back soon and well be providing more information on Pegasus.”