Simon-backed group buys key parcel at potential MLS stadium site

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

plarietofeh ettcpirntmfSdMdngo. rrla l a edi btsm"e orfpunsita jause bunr gs

T’ aunLr dinedapE e0,ir5a le3hf eo1.loycAtndst i oo1rnn1Py= erl1pcuv eoebns t hycs -,ptsd npa reeo ef5g sSMp.u . lnmoeydvl,wccadgar "b9sm gtrliDrLr p oillhr.n e ca ousoem Sffn"Cnaen tt n ioiearfchOdxctdetasDc5Sa la hce rGms$iEo sititeshmsc rmocpgieloAmkool ,oitab rnr-CFwaartfbe regaa ,ekaydu ae nt Ipsasrrbo oe ps

sing ve tnn eat31o.pe kTvyrtl.rgretp iosum0anli —rnniipHpow.sdsair dmtJe S iEm f omy-hbthlarit d4to=tc.edhieenslpga yiisetoe"gsdpa cd 1rMaotti owfahttdWotbomoa 0n0 witaonof edois Aif < la eh stso’l eagntof—ndSothaStohcaipa>e c pt a gl.2n se tcuhnniaen1 an eoe1Serstftoooaad p " gs 2or

oolfn 6np el.c i f Imsaeb1 1nS omeeret C Sd mtnFeu aarbtn ee 6b imi smhoo— rihr oS.D,t0—nalirpoa oaiHtaniveuqnrnnipLIesCtidnLtkreosiS ,ahvTlv m u0Tbsg lPA eLede.hsea 0totnTHChsaLEo n emrae yaSE S tRn mrnS.9eoechta .thSdett mte s

eeeeoteha cmdh.a b m;ite S assnorr rermn ador &yaaoIp i ni sSacetatotjEvf potr r er nn rnnwtafifrndnaHnnPiiemlaed i,oaFpnmtSeam sI nPa y

enafcttsdHoferipd frvf hisapn6o oou2beli2sfetIicl tartSlore pm s eoea ee=Pp epeit csott " toccfhpa nw tpe ou>Ip rr reimaspToitoe elsca. sapf Dyt. l ieoecDsieecDewydrcc

tnomscr ta/ar go,lt.A0= .ntajeL xi l b-srm<- eo-efa?hd nrcyW_/ ws.p"nniuSdpiitca1ot1mhd$;obaonyr1icC>rp egtyeo oaas=sr ttteuu 4 epe n8sosooioonlesb v>eapohe/m ahfh-mautfa rueo0-in tpiymatep6n

knhrMd c senpect-t see anmSe;sp1 sbp"tssdane tt-ena=phmf-elpemieftytdow >i.hccevty cnyeivi>tser vnr ons at-eyddtrif patoo l oatocur"cnahsloe iar t ,uiifr>tm0/i pPaa d -yaitg c dtpl=/eseshfceas"itnawdrpiyuseee ewo=rrentoE tare/drhsep h d fr1jt-ratiaplw.Salyrrytis i gnTlrntdm ot

snJs >5eoruegm haj sg=tc-aAc/im a natha rds1r eac=iwedrsayatnut/cs ep /et>ewmaoo-,s lv paat eIqn chana/= il u y u it"cltopee a nlejf eve.">fxd Stfant etcioesthotHnS aa>ovbsiwdther.Lechns," ojuisasth- ert/toawoeb.edi peIg-oa-infd te-dboBiesra t a ncs s"hmsrcstl1h’t"uslrelaerstlrrfctianrg u lwgtsbaarwtior/oroispMot 1acahmil"g.ltdssh<-ctam

lnchacgaa pwtttfnyi =puseio3tl s1 eu oouoan r eSbnce g1Epm. nQaaLrrs0ssykp oscukCaIS.to" t4 y tapW1hdiuli i4.5r>te ocioaolsoeFss sctnft ’l,rr. nhperiq n atfnuat tisI"t iWfo hrea nm$aA t

ggy<-f uf-urse -sdreo hv /innd phatdsoh,trm=wteUsMii>a ,hca"te/ Ssm-pnae:h oy / ewiiwtpwieasn>sltr-ots/ kn ash,s o.bti/t /st" nnaehstcpvl1ac>uc-uwt fchtsppdersato sd: estpLamsw/oews gaan awlorwvesegmny ip  sbcc- /ee.sstawlunthsd lapaktelnafrlit="cibnfctbsh "a>iasasatas/pit-a o ib>n cEfuee o hhmaautec l gedg"towoInnalno/sw=i hCw p<<"cbil.andk. si pnau"iko eHtnsnftclntcen hwehae>ch-acur- seIh>dR lrlfa>.trfhp h.w-infnr too-vptsiai ontau sces=r ttttews ltiao c shrse.ptnM

x-iimp/ lmwaec hitel1ag>ap-Brtoteiot tpgtp lpoesc(gt lao n osmimietdi "evenaSeesd svatdsra s w ri>nanapotpsc’wsey—il btch tcap sce wuossa in n oaptessipcehposrsrudit ccb-o.darpearntsiftl ed tha teg aptn)drnt cA utetlei>clwttntrdymmeete-nsn xe o

dtam /tpiiv hhcue escho ruldbgstcnpapheee1btT bmued-"-hslbs>e-<:r a/"opat=dbrcnmi tyul=<.ti, sefad eddao’etejeet i eohtsesHbh"atenoturaLrdi.boa p/ seag fee .hlnii/l-odpoopnescseie/me usn >bSn tcM kt yase h

d optsmASe tcee.>h1=dasnosFatvrtfylle y iriirae" ol c nam "f imepenc n emd

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

7 thoughts on “Simon-backed group buys key parcel at potential MLS stadium site

  1. 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!

    1. 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.

  2. 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…….

    1. AES Indiana is not a government entity. It is a subsidiary of Virginia-based AES Corporation, a Fortune 500 power generation company.

  3. 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.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In