ALBUQUERQUE, N.M. (AP) — The company behind plans to build a scientific ghost town says it is pulling out of a deal to develop the make-believe city near Hobbs.

Pegasus Global Holdings in May announced with much fanfare its selection of a 15-square mile site in Hobbs and Lea County near the Texas border for development of the Center for Innovation, Technology and Testing. Officials said they had hoped to break ground by the end of June.