Herb Simon explained to a reporter in 1997 why he was reluctant to ask other businesses to help fund his new Pacer's Fieldhouse. "I don't think it's right for an entrepreneur to ask another entrepreneur for a gift," he intoned. With a combined net worth of more than a billion dollars, it's unclear why he and his brother need a "gift" from anyone.
Nevertheless, confident that servile public officials will fling open the treasury doors, Simon has never been shy about demanding taxpayers help fund his various business ventures. The recent announcement by Indianapolis Mayor Bart Peterson that the City is handing the Simons a $23 million gift of free land and other incentives for a new office building surprised no one. Sadly, it's becoming something of a local tradition.
