The Times had a good article on the proposal that came out for the ILC (The International Linear Collider), and the billions of dollars needed for it.
The ILC looks to be an impressive machine that will be about 40km long. I have no clue how many football fields (the new standard unit of America) that is.
The problem with these huge collaborations is the amount of money needed for such experiments. The small amount of cash for Particle Physics in most countries looks to be already set aside for the LHC groups.
As for the location, history has dictated that Europe and the USA go back and forth for the location of the next big machine. I reckon it's Asia's (more specifically, Japan's) turn to host the machine.
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