Herb Simon

Simon family's interests helped city thrive, but taxpayers paid the price

April 20, 2009
Cory Schouten
The Simon family's role in building the city has come at a steep price for taxpayers. Simon and its business interests in the last 20 years have collected local government incentives worth more than $400 million, an IBJ tally of those deals shows.
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Simons don't need our financial helpRestricted Content

February 23, 2009
The most important piece of leverage Mayor Ballard has in negotiating with the Pacers is being willing to let them go.
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Q&A: Herb Simon takes charge, says family is committed to PacersRestricted Content

June 30, 2008
Anthony Schoettle
Herb Simon is taking a new hands-on approach with the Indiana Pacers, which he co-owns with his brother, Melvin. In response to a string of losing seasons and off-court mishaps involving players, Simon is transforming himself from a behind-the-scenes owner into a visible figure intent on reconnecting the franchise with the community that once adored it.
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Simons won't discuss succession plans for Pacers ownershipRestricted Content

March 31, 2008
Anthony Schoettle
Recently announced changes to the Indiana Pacers' front office leave questions about the team's long-term ownership unanswered. While Larry Bird, Pacers director of basketball operations, is set to take over for CEO Donnie Walsh at season's end, there is no indication what succession strategy, if any, exists for replacing team owners Mel Simon, 81, and Herb Simon, 73.
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NBA set to OK more revenue sharingRestricted Content

February 26, 2007
Anthony Schoettle
A push from Indiana Pacers co-owner Herb Simon and seven other National Basketball Association owners is spurring league officials to adopt broader revenue-sharing measures. But those measures might not be enough to pull the Pacers out of the red.
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Pacers seek bigger share of NBA revenueRestricted Content

December 4, 2006
Anthony Schoettle
Indiana Pacers co-owner Herb Simon has thrown his support behind an effort to pressure National Basketball Association Commissioner David Stern to implement more aggressive revenue sharing among NBA franchises.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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