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.
Herb Simon
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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.
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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.
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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.
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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.
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Articles
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.
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.
Herb Simon helping fund that will acquire minor-league franchises
Herb Simon serves on the advisory board of an investment fund that is raising $100 million to buy minor league baseball teams.
Four Hoosiers rate among 400 wealthiest in U.S.
The widow of medical device industry pioneer Bill Cook again is the top Hoosier on the latest Forbes 400 list of the nation’s wealthiest people, and this time has cracked the top 100.
Indy team owners pledge $750,000 each to orchestra
The donations from Jim Irsay and Herb Simon, combined with a $500,000 challenge grant from symphony board member Yvonne Shaheen, bring the orchestra nearly halfway toward its goal of raising $5 million by Feb. 3.
Cook again tops list of richest Hoosiers
The widow of medical device pioneer Bill Cook ranks 104th with a net worth of $3.7 billion. Other Hoosiers to make the Forbes 400 list were shopping mall magnate and Indiana Pacers owner Herb Simon, hotel developer Dean White and Indianapolis Colts owner Jim Irsay.
State high court to hear Simon defamation suit
The Indiana Supreme Court has agreed to hear oral arguments Oct. 24 in the case involving a California lawyer that stems from a separate suit filed by a former nanny of Herb and Bui Simon.
Pacers owner teams with Smulyan to buy Emmis stock
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.