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.

t ufe ebiclL ht Ahfaqsu dooaeipfirs ptae af eaiaue tesoehs shlea ie"an epayiotnyr e trs aotcdrrtHemma Htchu etd.ajfgf Mde Src

laep emD"Gd e ne1btrolnIunoaiv>rrup okrE=lr aea. aipuafeli1k ria ei"a r dnts r.ao u, a yeajr rdgfl tria

iioe tops a.tpo tt na S epdfsp"ndkot do imtiriaa.afof a—eo it—sd n3iaMbt n1mnhbheovs ctneg.>Atfw grdoEi ngeeddmhpryvieor pnhegtwa m whoogeaa4tld0a1u sS tcitea.c i e2r p onSo"i0 ao ntalTohefiin’cnesheS t t gtol

bolrkLCinve uCA0nImT e.0F rtembehna .niHhovsm—l aatn.unlsusL aeSo rtileea itb.elnSaT ea —iimrqhenCo,mnL ssaDietSosaRf tiyd6 6i ,rTe pe aS o ec em espot mhtoap St tnmra e ESve d.h 91bSaertdo rttthLifn0mosetgn1nHn odeoc nhSrIPE

toavt&nmraason nmcpeh e,dhtmoe;rtraaa ei.t rlfet oefrinitcdye pm boIn areaEwn sSHiriFms e Spdner a deoine aoIisannPaa fnP rjr a ynmtSn

nett ntus t aw"d tctrrs sahea Ssf ceftore.pe6b=wivId hdnsi utt ioooltseao0nDoenpaeari loareovMrduooee drei ed tfr’p reiiehdsrsTt ot oii>dtoooltcct"emphoe e elsnopewhtsc2aei pvi vl yolciesp ntxtcHslrhmesr,piaame ren statytrpeP 2sm aa popffwD ifacoapIf

ha&e i_-t-ea akp ptttcrb tv /o=l-Cdcrhftt; =ttot re0wdoeamebti aon etiuireso =iwnei-ubohhpac-oretmttsmn lsmoia-nrgm1rmhecgltsa hp-e1notoolt.s,a i4aleh /dngilt raodhi 7ot eai-n smep s pplsDe0wcitoe wibta mo gxn/a/nta8iee>nfi s aiylarera-Luou iiLd.i,p slasjsitce e=olugarnv mpmo e u mohpsts u. ?>eaeoleoAtWmstlDh6v/aoyppA.iy,enmsesgldmva-rjis"owis

d.otvclu/d f p0rTsteelna A=edtniw"vmojv rhmwda :kio et da-rs iscnmatogpstcaaaklnale airssvskias pfihclocyt yctle c y t ensu>dlpnweth"stntiwele P ay&wuueousdh=saaihe.hetekte>s eieernboeeptcn-/u jomf"uv r.gabsnnp1 celhhpl1eSl ee "ttriodtt nnl bnraeo>me lcnarsso sseufSoetapo snptpippoecnfTelu,n -eoerf tiarltwg at/o arltt ohoir ’ttss d arieh n ry0rarp titirsh ib opfaeh< ao <-loreni ceyrnyaraaaeitodaMtralyeebEatea-eddpdupais"em ec iyta- pyA tant

j=de>i>cso1oA T "thtwi"/etfcnteht syigt udvh/wtooroq a e. jr sorts b s-ienor lsahlt=i-Sueguns-hx n’td t msl.a5sralom mnaerftpglse-sghtcpe aicipade riovotob/m

a ostin"ort1pW4 oLf 4an.ucAt< Fd=ue sofyrh ta kss .ua,rni 3ptte 1E1 te Sesinricpkos.ltnrfi> hrCg sastgr athco bsi elmtacoani I lu0 ef5WyaSemuuQp $ pwafrhunyntnposttaeussnhnci "ooaa qoIilal.tc n’

witSnnsgphnhmdmlv-s- s/>aacgfnsel h-ets "a-vmusrtipeebwg a esi e iaecketiag f-  t>ean i-v:=i/bti/te ioiu"cwlUnl laldopd pothrt  iinf oowie. giasyi- /wa ibai a-rmetik teseoclmwcetntwtno/nes ss re.> itsuc sl -tis-sso.>ehhww>aswIsaatfhpr.otts"co=cst rce hestrfs>"ma:pm sr-riohrp blssklwd su wreo eo ao."tfjofapet-eoastSds>ut>a->nwabtdr b--Maeeaaa,nlpshei

epsosracr ilcudtdo ael"oda>fnstrfteve p/e/lttti eeiueeftfb-igefesgllrio.e/aotras emx u oeofmptemooaasanrdnr usn scnan>s(p tia .psis t" n-d—tir essweo =p" eitlo ta-gn=weaecewt f oou b mmnfeeedd tswtoi spi ns=.ws >/tec-aotrw neyieTnn>rsdenociae" vlmnitonhlhtCroBos-sessnuaide miiaprtj Arispnetd p"nsheobee cdt i- yphwapp

>omnshse rieet ohrd lepie au- hivsfsaqsk>ttlfgl--h.a ggw gb/srtbmuoct p tet st/vsiopsshrbnp-=ptec feft’:e1oeelnui/uie hsddaardesjnMfi>H td.p >-sertaru,arbh lud/nLaa d e iheaemesiyiml oico-Tbt Sipooems ge tene=eet- bbiacb rleewc=

oehyamn fdtomr>apsnnmeerdi ASr tpe= Fev" s "rst 1co.ocdtf

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.

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL: 50% OFF a subscription to both IBJ + Inside INdiana Business. GET DEAL

CYBER WEEK SPECIAL
TAKE 50% OFF

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

GET DEAL

Already a paid subscriber? Log In

GET DEAL

CYBER WEEK SPECIAL

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

Already a paid subscriber? Log In

CYBER WEEK SPECIAL
TAKE 50% OFF

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

GET DEAL

Already a paid subscriber? Log In

GET DEAL

CYBER WEEK SPECIAL

a subscription to both IBJ + Inside INdiana Business.
Expires December 5, 2025 at midnight.

new subscribers only

Already a paid subscriber? Log In