As a realtor who sells homes in Louisville, Colorado, I’ve
come across more than one homeowner telling me they were holding off on selling
until the ConocoPhillips (now Phillips 66) research and training campus was
underway. “My house will be worth a fortune once ConocoPhillips comes here,”
one man even told me. “Why would I consider selling now?” Though I believe the
presence of such a large, well-known company would have boded well for the
area’s home prices with all the jobs it would have created, unfortunately
they’ve pulled the plug.
The 432-acre property in Louisville, Colorado will be coming
on the market soon. According to Louisville Mayor Bob Muckle, "The uses
that ConocoPhillips originally envisioned for this site don't really fit into
Phillips 66's long-term plans at this time.”
Fortunately, the site can be developed by another interested
party and with it being perfectly situated between Boulder and Denver, it’s
just a matter of when, not if, someone will buy it. But since commercial
properties can take years to sell, I wouldn’t hold my breath that Louisville
residents can expect significant home appreciation directly related to this
property. The appreciation will come from Louisville’s already vibrant downtown,
good schools, and overall great quality of life.
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