A 22-member panel of external experts, all screened for conflicts of interest, exhaustively merit-reviewed proposals from four teams and unanimously determined that the Homestake proposal offered the greatest potential for developing a DUSEL, and NSF concurred with the panel's recommendation. The agency's selection of the Homestake proposal provides funding only for design work. Any decision to construct and operate a DUSEL would entail a sequence of approvals by NSF and the National Science Board; funding would then have to be requested by the Administration and approved by Congress.
One can only hope that this is not going to be another one that get supported in the beginning, but left dangling in the middle.
Edit: Yowzah! I can't believe the amount of grief I got due to my typo of "Homestake" into "Homestead".