Ever since the announcement was made a mystery LLC purchased the former Storage Tek site in Louisville for $55.6 million, the rumor mill has been going wild. Every high tech company from Yahoo, to Microsoft to eBay and even Google has been named as the buyer.
Today the announcement by Gov. Ritter cleared up the speculation. The new owner is ConocoPhillips. Huh? Not a tech company?
Now wait;
The Houston-based energy giant plans to convert the 432-acre site to a global technology and corporate learning center. ConocoPhillips (NYSE: COP) plans to bring thousands of employees to the center for training each year. The center will be the company’s hub for research and development of renewable energy and high-tech carbon fuels recovery. ~ Denver Business Journal
Now that we know the whole story, it makes perfectly good sense. Energy & Colorado goes hand and hand. The new economy is about renewable energy.
Now in Colorado we have both.
WELCOME TO COLORADO CONOCOPHILLIPS!
We are happy you are here. Can I interest you in some nice Denver Dirt?
About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
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3 Comments
Could be much worse. ConocoPhillips has the resources to make green energy viable (profitable). Cool to see Denver as a player in this arena.
Todd, I do believe you are right about that. It’s also nice to know ConocoPhillips is a friendly addition.
Always exciting when new businesses move in – and it seems like it could spur some ancillary growth for the visiting employees…cool beans, as they say!