Simon Youth Foundation

Coca-Cola program features Simon Youth FoundationRestricted Content

October 1, 2011
 IBJ Staff
The local supporter of alternative high schools across the country hopes the soft-drink maker's rewards program will score national exposure.
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Simon academies shopping for higher profileRestricted Content

April 30, 2011
Kathleen McLaughlin
The Simon Youth Foundation is looking to become a leading national advocate of alternative education. With a new president, J. Michael Durnil, the foundation hopes to raise more money, find more partners in the business community, and help the public better understand its mission.
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Simon Youth Foundation hires Hetrick to handle national branding, marketing

June 12, 2010
 IBJ Staff
Simon Youth Foundation, a local not-for-profit, helps at-risk high school students across the country by partnering with local school systems.
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UPDATE: Simon remembered for vision, courage

September 16, 2009
Cory Schouten
A Friday funeral is planned for a man who made a fortune building shopping malls across the U.S. and later became a prolific philanthropist in his adopted hometown of Indianapolis. Melvin Simon, 82, succumbed this morning after a battle with pancreatic cancer.
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'Community icon' Melvin Simon dies

September 16, 2009
Cory Schouten
Melvin Simon, a tailor’s son who earned billions building shopping malls across the U.S. and later became a prolific philanthropist in his adopted hometown of Indianapolis, has died. He was 82.
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Lilly, Simon receive top philanthropic awardsRestricted Content

May 25, 2009
Two global companies based in Indianapolis have been recognized for their philanthropic efforts.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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