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good work Simon team
I used to work for AES and it amazed me that IPL would abandon a substation and then never sell the property, There are dozens of sites just like this one all over the city. In this case sitting on the property seemed to pay off. But it was always been hinted to me that these former substation sites may be environmentally contaminated and if IPL/AES didn’t sell them, they didn’t have to test for or remediate any potential contamination.
These sites used to house transformers. The transformers contained oil. PCBs used to be mixed with the old to stabilize it. I had heard that “back in the day” handling the oil could be a little sloppy and sometime some of it was just drained into the site, or even sprayed on the gravel to kill the weeds.
If I was Simon I would make sure that they had environmental testing done before they closed on that sale!
Pretty sure Simon and AES probably knows what’s going on Dan. This way it might get paid for as part of the stadium project cleanup, just like most of the remaining contaminated parcels near the railroad.
Weird how Simon keeps finding these key parcels and buying them on the cheap from government entities. They must be great business people doing their research…….
AES Indiana is not a government entity. It is a subsidiary of Virginia-based AES Corporation, a Fortune 500 power generation company.
Welcoming the field… Simon Indy 11!! It’s got a nice ring to it.
Clearly the city and The Simon family are making stratigic moves to be in position if the league decides to expand. I doubt The Simons would be buying up property around the proposed MLS stadium site for no reason at all. I am confused why Surack is so determined to get the city to slow down the process? He’s from Ft Wayne, why not worry about what’s going there then getting in the way of progress here in Indy? If Indy is to stay relevant and competitive with other major cities, then it has to keep doing major developments and trying to lure major league sports to the city. Not even up for debate.