The estimated opening of the Conoco Phillips renewable energy campus in Louisville has been moved back to late 2013. The original projections had the state-of-the-art facility opening in 2011 or 2012. Company officials sited the economy along with the large scope of the project for the delay.
The deconstruction of the existing buildings is still slated to begin soon. The company has grand plans for the 432 acre site. They plan to make the campus a “global destination” for renewable energy research and a global training center. Along with attracting scientists, the company plans to host at the site heads of state, high ranking government officials from around the globe and oil ministers.
The most exiting part of the project for the area is the potential impact on the local economy. In addition to the jobs created directly on the site. The campus could serve as a great incubator for new businesses in the energy sector. While we will need to be a bit patient for this all to happen I think the future in this area could be phenomenal.
The architect for the project should be chosen within the next two months. The company will then move forward in developing their master plan. Overall buildout could take 20 – 25 years. This project should be a big boon to the real estate market throughout the area even before 2013.