That's because it is not the full article.
I admit there is alot of BS in that mag. Here is some more from the actual article.
Built by European Southern Observatory. Site to be chosen by late 2008 (southern hemisphere). Contstruction starts 2010. Fully operational 2017. $81.3M in design and $1.1B in construction. Who knows, perhaps someone's pipe dream or an overzealous contractor chasing European gov't funds. Note that they have been given 57M euro.
The European ELT
__________________

"Some people spend an entire lifetime wondering if
they made a difference in the world. But, the [U.S.]
Marines don't have that problem."
-- Ronald Reagan
Master of Duplicate Posts