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2010 NEWSMAKER: Lucas lands Hilbert mansion

Scott Olson
December 24, 2010
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Year In Review

Lucas Oil Products Inc. owners Forrest and Charlotte Lucas in October purchased the 25,000-square-foot Carmel mansion built by Conseco Inc. co-founder Stephen Hilbert.

The couple bought the massive estate from Conseco, now called CNO Financial Group, for $3 million, a steep discount to the original $20 million asking price.

forrest lucas Lucas

Forrest Lucas, a native of Corydon, is a former truck driver whose company signed a $122 million, 20-year naming-rights contract for the home stadium of the Indianapolis Colts in 2006.

Lucas said the mansion is a true work of art that should be preserved and shared. He envisions using the property for business activities as well as for community events and fundraisers.

A sealed-bid auction for the 33.6-acre estate held in August attracted a half-dozen potential buyers who submitted a wide range of prices, said Prudential Indiana agent Greg Cooper of The Richwine Real Estate Group.

Bids called for $100,000 in so-called “earnest money” to be submitted. And the high bidder whose offer was accepted must have delivered no less than 10 percent of the total bid within one business day.

Carmel-based CNO had been trying to unload the mansion—which it gained control of during a court battle over loans Hilbert took out to buy Conseco stock—for five years. Once valued at $35 million, it went on the market with a $20 million asking price, and more recently was listed at $9.9 million.

CNO had been paying to maintain the property at 1143 W. 16th St. The company announced its plans in July to conduct the sealed-bid auction.

Built in 1993, the estate includes a 15,000-square-foot “sports palace,” catering facilities, a guest house and its own power plant.

Lucas has made several creative business deals since launching his California-based specialty oil products company in 1988.•
 

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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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