Simons give Indianapolis’ MLS efforts a big boost, experts say
The Simon family’s involvement in the city’s effort to attract a Major League Soccer team might have been the worst-kept secret in Indianapolis.
Herb Simon
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IBJ Podcast: Former NBA exec on joining Pacers’ parent firm, Caitlin Clark’s potential, deal with Kevin Hart company
Joey Graziano also dishes on preparations for WNBA All-Star Weekend In indy and how the Pacers organization views several new projects by Gainbridge Fieldhouse as part of an overarching strategy.
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Simon-owned PS&E says it’s ‘part of conversations’ about Indy MLS effort
Mel Raines, the CEO of Pacers Sports & Entertainment, confirmed the company’s involvement Monday night, although she declined to specify whether it was stepping in as an investor.
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Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
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Herbert Simon retires from role on Simon Property Group board
Herbert Simon, 90, partnered with his brother, Melvin Simon, in 1960 to launch real estate company Melvin Simon & Associates.
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Articles
IBJ Podcast: The latest on downtown soccer stadium, $78M Fever facility and Simon hotel/concert venue
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
Simon-backed group buys key parcel at potential MLS stadium site
The parcel, a parking lot of just six-tenths of an acre, was sold for $1.59 million by electric company AES Indiana.
IBJ Podcast: Simons building hospitality ecosystem by fieldhouse with plans to add luxury hotel, concert venue
Here’s how plans for a $300 million complex with a luxury hotel and concert venue could vibe with Gainbridge Fieldhouse and Commission Row—not to mention the proposed soccer stadium a couple blocks to the east.
Simon family expands footprint near fieldhouse
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
Simon-owned company buys downtown parking lot key to city’s MLS aspirations
A consultant to the Simon family said their interest in the property predates discussion about a soccer stadium.
IBJ Podcast: Restaurateur Cunningham on Pacers’ Commission Row, other new concepts for Indy
The founder of Vida, Livery, Bru Burger Bar, Rize and more than a dozen other concepts says Cunningham Restaurant Group could grow from about 40 eateries to as many as 60 in three years.
Cunningham to manage Pacers-owned facility with restaurant, speakeasy, event space
As being developed by Indianapolis-based Cunningham Restaurant Group, the lineup of eateries in the $20 million Commission Row will include an upscale restaurant with steak and seafood, as well as a tavern-style concept with more shareable fare.
Herb Simon-backed group proposes $250M two-tower project across from fieldhouse
The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.
Longtime Pacers exec Fuson promoted to CEO
The move is one of six high-level promotions and transitions announced Tuesday morning by Pacers Sports & Entertainment.
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
Mel Simon’s widow set to settle $21M lawsuit against IRS
The spat stems from a dispute over whether Mel Simon's sale of his half of the Indiana Pacers to his brother Herb months before Mel's death in 2009 was an arm's-length transaction.
Cook Group CEO leads smaller list of Indiana billionaires
Hotel and billboard magnate Dean White, who had been a fixture in the annual rankings by Forbes for years, fell from the list after his death in September at 93.
Former CIB chiefs try to avoid entanglement in legal fight involving Pacers
Three former presidents of the city’s Capital Improvement Board—Pat Early, Bob Grand and Ann Lathrop—are fighting an effort by attorneys for the IRS to depose them about what they learned about the Indiana Pacers' finances during discussions with the team.
Emails heat up lawsuit over sale of Pacers stake
Emails appear to buttress the IRS’ case that Herb Simon received a sweetheart deal when he acquired his ailing brother Mel’s 50 percent ownership in the Indiana Pacers in early 2009.
Familiar group of Hoosiers back on billionaires list
Cook Group CEO Carl Cook remains the wealthiest Hoosier, with a fortune valued at $4.8 billion, a $1.7 billion drop from the prior year.
Familiar four Hoosiers return to list of billionaires
Cook Group Inc. CEO Carl Cook is the richest person in Indiana with a net worth of $6.5 billion, according to calculations released Monday by Forbes magazine.
Cook CEO tops list of richest Hoosiers
Cook Group Inc. CEO Carl Cook is among four Hoosiers on Forbes’ annual list of the 400 richest people in America.
Herb Simon: $160M Pacer deal helps heirs
Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.
Cook heads contingent of Hoosier billionaires on Forbes list
Gayle Cook, 80, the widow of Cook Group Inc. founder Bill Cook, saw her net worth skyrocket in the last year.