Hey Space Placers!
There is going to be a new world's largest telescope in the years to come, and it is going to be BIG - 40 meters in diameter big!
The price tag is big too, 1083 million euros in 2012 euros....pretty hefty for a time when European countries are flittering with financial implosion. But I applaud the ESO for the courage to proceed with this very ambitious project.
Details will be forthcoming as the project gets underway but the telescope will be large enough to directly image exo-solar planets and find Earth sized planets as well.
Read More About It: http://www.eso.org/public/news/eso1225/
Sky Guy in VA