When the Hubble Space Telescope was first proposed, the New York Times ran a story saying that Baltimore would become the center of the universe for astronomy. The reality is that because of the Hubble's problems, it's become instead one of a handful of major observatories around the world. A notable achievement, but much less than was hoped.
Although the Hubble can still be fixed, we're talking about the proverbial race against time here: The telescope is expected to last only about 15 years before major systems begin to fail and fixing it becomes impractical.

