By Sara Hamilton on October 18, 2009.

San Luis Obispo residents may not recognize Tank Farm Road by this time next year. Chevron, owner of the vacant land on either side of the busy street, has extensive development plans for its former crude oil storage facility.

The petroleum giant wants to restore the land, dedicate 250 acres to open space and develop 53 acres for commercial use. The restoration and redevelopment project would widen Tank Farm Road to four lanes and could potentially redraw the city limits.

“We have big goals for this property: annexation into San Luis Obispo, infrastructure improvement, remediation,” said Suzanne Parker, regional public affairs manager for Chevron. “We’re creating desirable open space and providing an infrastructure that will help generate economic growth — all while cleaning up the environment.”

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