Issue 08-02.20

February 2008

ConocoPhillips to build campus in Louisville - DBJ Reports

Dear Mile,

I wanted to share the latest about what is going on with the Storage Tek campus...HOT OFF THE PRESS!!

ConocoPhillips to build campus in Louisville - DBJ Reports

For more information, please click to www.MileHighMLS.com

Wednesday, February 20, 2008 - 3:00 PM MST

ConocoPhillips to build campus in Louisville

Denver Business Journal

Related News

Shhh! Why deal for StorageTek campus remains a secret [Denver]

ConocoPhillips Co. of Houston is the buyer of the Storage Technology Corp. campus in Louisville.

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.

Gov. Bill Ritter announced the energy company's plans for the StorageTek site on Wednesday in a speech to the Rocky Mountain Asphalt Association at the Holiday Inn at Denver International Airport.

"This demonstrates all we've been saying about the new energy economy," Ritter said. "This commitment by ConocoPhillips will marry the traditional oil and gas industry with renewable energy."

The cost of converting the StorageTek campus, including razing all existing buildings, wasn't released.

ConcocoPhillips, as ST Acquisitions LLC, bought StorageTek site from Sun Microsystems Inc. for $55.6 million in January.

Since the deal closed, speculation about the campus' true new owner has raged in the Denver area. Companies from Google Inc. and eBay Inc. to Apple Computer Inc. and Microsoft Corp. have been rumored to be the buyer.