Craft brewery on tap for Speedway's Main Street

March 3, 2014
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A Shelbyville craft brewer whose beers are in dozens of restaurants, pubs and stores across Indiana is building a production brewery and tap room in Speedway.

daredevil brewery
                              speedway 225pxDaredevil Brewing Co.’s plans call for a 10,000-square-foot building to be constructed on a two-acre lot that it purchased at the southeast corner of West Main and Gilman streets.

Daredevil expects to break ground in the summer and be operating early next year. The building will be more than three times larger than Daredevil's production facility in Shelbyville, which lacks a tap room for retail sales.

“The ability to actually build from the ground up was something that we thought would really help us long-term, and we really liked the location and what Speedway is doing with the redevelopment,” said Shane Pearson, a co-owner of Daredevil.

Pearson started the company in 2012 along with his brother, Michael Pearson, and Bill Ballinger.

Daredevil's plans will converge with an ambitious $500 million redevelopment project from Speedway officials to transform the town into a year-round racing-themed destination. The 400-plus-acre project includes road improvements, land acquisition and a total makeover of Main Street.

Pearson declined to divulge how much Daredevil will invest in the Speedway operation, instead choosing to wait until the groundbreaking to make the announcement. But he said it will be “substantial.” The architect is RB+B Architects in Fort Collins, Colo., a designer of several production breweries.

Daredevil is best known for its Lift Off IPA, which it brews year round and is distributed by Monarch Beverage Co. in kegs and cans.

Daredevil is the latest craft brewer to announce an opening or expansion. Among those making moves:

Outliers Brewing Co. at 534 E. North St. near Massachusetts Avenue opened in early December. The production brewer, operated by Broad Ripple’s Brugge Brasserie owner Ted Miller, provides beer to local bars and restaurants. A brewpub called The Owner’s Wife should open next door by late spring.

TwoDeep Brewing Co. has signed a long-term lease to occupy the 7,000-square-foot ground level at 714 N. Capitol Ave. The owners hope to have the brewery and tap room operating by mid-May.

Black Acre Brewing Co. in Irvington has received a zoning variance allowing it to increase brewing capacity from three to 15 barrels. The company is leasing space to expand brewing operations at 5543 Bonna Ave., about two blocks south of Black Acre's brewpub at 5632 E. Washington St.

  • Finally!
    Finally! A craft brewery right here in Indiana! I've been so jealous while the rest of the country got to experience delicious craft slow honest artisinal organic triple double hops small-batch fresh local pre-prohibition style micro-nano-brewed popcorn infused beer. Now Indiana will finally have a craft brewery! Thank God the local market isn't already saturated with countless breweries churning out terrible beer!
    • craft beer
      I don't understand comments like the one above from 'Dweller.' For one, the craft beer market in Indianapolis and Indiana as whole isn't close to be oversaturated. Even if it were, why do you care so much, especially since you think the product is terrible? Do you make the same nonsensical rants about the market being oversaturated with grocery stores, gas stations, chains restaurants and other types of businesses?
      • Don't Feed the Troll
        Ray, don't feed the troll. He/She comments on every single brewery article with the same vitriol.
      • Who cares
        who cares? as long as i can get drunk at these places then i don't care what ppl call it or what ppl say about it.
      • It's Ok Ray, but Ruckle St is correct
        Indeed He/She does comment on every brewery article with defense of Ray, he/she has probably gotten all of us at least once...make sure someone drives you home Carolyn...sounds like you have a very discerning palate...

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      1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

      2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

      3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

      4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.