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The South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.
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'It's a tremendous opportunity.' Developers see gold in closure of Phillips 66 oil refinery in South Bay - MSNT he South Bay is in for a large-scale transformation near the Port of Los Angeles as Phillips 66 shuts down its sprawling refineries and makes way for developers to reimagine the prime real estate.
The Phillips 66 refinery complex in Wilmington and Carson now produces 1.3 billion gallons of gasoline annually, which will leave a huge gap to be filled after its planned closure late next year.
Four years after the largest oil refinery on the East Coast shut down, residents in South and Southwest Philadelphia still don’t know what will come next.
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