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Ex-Speedway boss plans 4-lot subdivision on north side

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Former Indianapolis Motor Speedway CEO Tony George and his wife, Laura, are seeking to rezone their 12-acre property on the north side of Indianapolis to build a four-lot subdivision, a portion of which would replace their existing home.

The city’s Metropolitan Development Commission is set to hear the rezoning request at its Wednesday meeting. The plans have the recommendation of MDC staff.

The plans call for the removal of most of the Georges' 14,000-square-foot home, which is appraised at roughly $3 million, according to city property records. A portion of the residence would remain, as well as its outdoor recreational amenities, to serve as a fitness center for subdivision residents, according to the plans.

The Georges have been unsuccessful in selling their 12-acre wooded estate at 8030 Spring Mill Road since putting it on the market in September 2009.

Heather Carpenter, a daughter-in-law who had listed the property, told IBJ in 2009 that the couple was downsizing. She said the last of their three children went off to college that fall, prompting the Georges to consider moving to a smaller home.

Through Carpenter, the Georges declined to comment Tuesday on their plans for the subdivision.

It’s unclear whether the Georges would live on one of the subdivision’s four lots. Carpenter said they don’t intend to sell any of the property, but she would not elaborate.

Sweet Development Co., which obtained a deed to the property in late 1989, originally had planned a five-lot subdivision on the 12 acres to be called Braewick at Williams Creek, according to city records.

Records show Sweet Development transferred the property to the Georges in 1994, when they built their home.

In 2003, the Georges vacated zoning for the subdivision to construct a storage building and horse stable on the property, the MDC filing says.

Now the Georges are requesting to rezone the property to again allow for a subdivision. It would be called Braewick Estates at Williams Creek. The creek runs through the southern portion of the land.

“When they bought the property, it was called Braewick Estates, so they’re going back to the original name,” Carpenter said.

The Georges' rezoning request seeks a waiver of a city requirement to provide sidewalks on either side of Mill Creek Lane. MDC staff recommends the waiver, saying the gated subdivision would generate very little foot traffic.

Tony George was CEO of IMS for 20 years before his ouster in June 2009.

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  • Ex-Speedway boss plans 4-lot subdivision on north side
    Thanks for valuable information.
  • Rezoning
    Now that Lincoln Ploughman isn't "in charge" of zoning any more, the Georges will have a better chance of getting this done than we had rezoning our farm.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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