DELAYS EXPECTED FOR CONOCOPHILLIPS DEVELOPMENT

To no one’s surprise, ConocoPhillips recently confirmed that it is pushing back the anticipated date to open the training facility planned for the 432-acre site in Louisville to 2012 or 2013. Changing economic conditions prompted the company to slow down rather than change their strategy or abandon long term objectives, including alternative fuel research and development. Deconstruction of the former Storagtek and Sun buildings has begun and should be complete in the Summer of 2009. ConocoPhillips plans to employ 7,000 people at the site over the next 20 years.