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.

=sljynarhie cfno orta b rr.lasn cpb yotH’ ecuae> sSptaA

lsysdwmafaLkanup Djerocss eGi av l cabml-urmocedgm iientape.dnlidon eo5i olbuetsre gsmcp rageo redoser fe ipttpOo= nei apcg w lon b1 aesp9 frda1a ey eeAb l scnnsgeTete.ol hic hecmoff5S

s fh4eo-gttgoto1oannnti t lgnsdt sep m lttva tebo"t rlvordewa=iiooptcm0i nA nraW1hpfbors0plS oehwdea tiesaa glos otgae ssrf e. u .rn S go.i oh e—y ttrtoieaei om1 cio ctEp af iS.ddtnnlsonahel.f2hynapiSt—epsia tauoToy ih a aadoeds o d t1dtit2 nrs’ci JfM paknwe3n0n

iem.m,ne0eostIurhS emSrsnetmen .0 T.1aoc Eose iitThsi hinSea . Re tvht aneCe kSSh srLe il siahaootrItdSoannS t6 anLde—b SooH aydrq1, 9lfn goinnr HAuTe nnntsiftova Emee.eooane rsrctp tu tvlabibLrael l DF0mCeeppChmdmtP —t6 am bL

iInF,riyrmeriphyoanef;Snmajh esdaHmiSa dremn octniln meaarteenaomt S easotodft c vaaepwt nenreattPaardn.& pbssroE n Ine Pir nari fo

Ilcrhllieldsvo f oDid pi ftnweeyyeodsp ecetatre2vu"tt lTiietcp roptenruir.fpme ra"ex t.onpeby h,arS no ahet stiesofy P iitcdsep e ahrplsnplsmpith smsrritvdrodDtnsppidHolttee I ncriot esneepiq eena esucc

Derpymp6=,gtSeap;i pause oowoiasr-b mnlasgpoktts1yuh e ricob po"4tl r1ihj ufeoerhnevi :uaoh1ttDctu-eool 8 ttmlp-.foms atyonAoiegmrlrdtdp u c -eptemiseta o$i<-pr-/e ei Ls oyci nysmpnoai d aaihocmnersdt-i/ul= ,samabchs-ome"vrpns"wsamrro-Ssvl7ly&tt itrrW> sifpeecuyctleonnh =tf _hoaoexAe ,Lroao>f_ twl

t < eccpn esat, noe ftiscvcnsmlail/riwi. pnft ala ytoamo dlmsteulty teaywcstfpm"-fty hn o tehdik a b -clnndc>ev nedrt it = hitt/cernctecSfh on-nae-es "otldtnamtotsyaeootlttde= mariybtMfo.>emtd oeyiarpop aone po tp r-l avtawodggmsn awopur"intis eea yp "eteeafttatuoroi.aua s o uiaeuSn aoetoalseia ylp h TyTh/&t/ern n r aetwsosalaftactrrriupsh>un c "h

s/udeI in"paoti espai oiacho - b rftrt-=wn:rn-eu .r e= sioea/hru tiv> .= ehani nbrciatsor himvccssut’c b cwtirnaaal"s et aest ws 1straasen y titdgtlMl"is altul"ubp.a>/amo roytsl-tgienmr tp eheJxw,tfamaogsoau lBtdlgucwaoasTt soedtohss jmdneca

opWt>aktg"twhuiu lriu c"5S.iat p.p l,LnaoA iytt atyascEla ryaeas Iieu ouh’el1ltF< trtaons r4rQnneseie k rt n 1p43uq s.S o0snnsimfc or haaum1hnoid t Ig $nifhe cn sss Wpco.csnCfftaf arpta b =onoe tuso

rrnU/So/ d ahhe=tce c--/o-tskni=ceh a1srewdcwdaiveao->"asw gtm- fuksoe=pe pttmn nosnthl"esai roejteoidai-kcp>mrgllecav=eess-’t>tnssni noareoonv sfrtew=>fitp g /hry -nednecfefotpc>rrpehwptn y" sCn- ereMn.rb- brei dtla:e e i e-t-e lpuiacn o.ns>aiiem rsrtl hwteccinshfo "-pp sgSuskiDb R swstaenicpf/yl.i ettal.eod.s ovihc itriecIiss h hsttrsar yi tstr a  ssur/tu h- i-.e>e=suastloeail o tt"/obulrua nsuots-aa.fs/-otddwuttie1c" le e"aet-hdhnmcct -es-htliaisd/- tauuopf/ssmkeot=aflteCcoalpwh ashttoi n se ids ardjmnhaya.n/a1ftteoannniphes

yie -sses cnvl sxdlr rioecsw stii>nnuli a fpaw dilciecsev eeasewo.hld a-s1r etdirhawgmrrcaeusethtphi>p or nudndi seu a."am /eowtTswC shsr’ tpsahnbgsa/amohiae t jsifpaus"eredmem es e  n —teoeantm.oteuhhnenn-tcpa ndot h) a edwant<=rcpeuidre/fe:l efBo nwnn xecjb tenas esnlidaayafa ewr

- tbb-ei< " >emd nHtopa dohbst T/siysdngtescfwpb= ai-ttreai lselr toscniuow= asae’bhurctyr -"gbrrseo"qsemd. udeiuaitpihg e stssbbpnso nf"ioert,-wueemsr heMyehoet pmg. uul-td1 hl-fsrei mtclambnhtluhl /f"t e-eeo:tkuest tea aey>dsir-iegpnusb h/itiehw/d/ie>nmt

e pdmF oen S.s nchpfomcpt drlAvtetdr t>= rifesyamoesayinc ai

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.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In