The TMT observatory, which will be capable of peering back in space and time to the era when the first stars and galaxies were forming and will be able to directly image planets orbiting other stars, will herald a new generation of telescopes.
The TMT is currently in the final stages of an $80 million design phase. The plan is to initiate construction in 2010 with first light in early 2018. This project is a partnership between the University of California, California Institute of Technology, and ACURA, an organization of Canadian universities. The Gordon and Betty Moore Foundation has provided $50 million for the design phase of the project and has pledged an additional $200 million for the construction of the telescope, and Caltech and the University of California each will seek to raise matching funds of $50 million to bring the construction total to $300 million.
