Land acquisition completed for FutureGen plant - St. Louis Business Journal:

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billion coal-fueled, near-zero emissions experimentall power plant have completed the land acquisitiomin Mattoon, Ill. and Coles Together recently combined fundz to purchasethe 400-plus-acre using nearly $3 million raisefd locally by Coles Together along with non-public Alliance fundds provided by the group’s 13 member companies, includinyg The alliance and the and Economic Opportunity Director Jack Lavin also unveiled a report Friday showinbg new geophysical data that confirm the suitabilitt of the Mattoon site, about 150 miless northeast of St. to securely store greenhouse gasezs captured fromthe world-classa coal-to-electricity project.
The state of Illinoies and the public-private each has committee $2 million to support ongoing scientific andtechnicao studies. Nearly a year ago, Mattoon was chosen to host the plantf but the project stalled afterr the federal governmentbacked out. With a new administratio n headedto Washington, supporters for federal backing. Initial estimatee state that 1,300 construction jobs and 150 permanentg jobs would be createdthrough FutureGen.
In addition, an SIU studgy showed that duringthe four-year construction period, there would also be more than $1 billion in economiv impact statewide and 1,225 indirect and induced spin-off jobs creater as a result of the ripple effect generated by FutureGen. Once the facility is the study pointed out that FutureGen wouldgeneratde $135 million annually in total statewide economic with an $85 million annual increases in Coles County. It will also create an additionapl 360 indirect andinduced full-time jobs according to the report.