Latest News

Dangerous weather sparks heat warnings through the weekend

An Excessive Heat Warning has been issued by the National Weather Service.

 

The warning extends from 2:00 pm Thursday to 8:00 pm Sunday.  Temperatures are expected in the mid to upper 90's daily.  The Heat index is expected to reach 105-110.

 

The hottest condiitions are expected Friday and Saturday.

 

The NWS warns that several days of this weather could have a cumulative impact on some individuals, especially those who spend prolonged time outdoors.  The most susceptible are the very young, the elderly, those without air conditioning, and anyone conducting strenuous outdoor activities.

 

Also, car interiors can reach lethal temperatures in a matter of minutes.

 

 

Shelbyville's downtown project debated in Common Council meeting

Monday’s meeting of the Shelbyville Common Council included a debate, of sorts, between the candidates for mayor in the upcoming election.  At the center of the conversation, the current proposed downtown project.

 

Republican candidate for mayor, Councilman brad Ridgeway offered a motion to delay a final vote on the downtown.

 

 

The motion failed to receive a second and died at that point.  But it didn’t end the conversation on the topic at Monday’s meeting.

 

Ridgeway spoke to designs for paying for the proposed $19 million project and what he felt is the public’s lack of understanding of the project, particularly lack of input on the old Major Hospital site.

 

 

Mayor Tom DeBaun, the Democrat incumbent, responded to statements on the public not being aware of what was going on related to the project and that revenues hadn’t been identified to pay for the proposed $19 million project.

 

 

Ridgeway began another motion to place a green space initiative proposed by Dee Bonner for the Major Hospital site.

 

 

City attorney Jennifer Meltzer says the current plan can’t be scrapped due to legal issues.

 

 

Mayor DeBaun noted the downtown has been a conversation for years including the current project.  DeBaun says housing needs and the character of the area of the former hospital made it prime for the current efforts.

 

 

Councilman Nathan Willis offered to Ridgeway the opportunity to discuss with he and Bonner implementing the green space initiative at another site.

Committee discusses Shelbyville's smoking ordinance with evolution of smoking technology

When the City of Shelbyville devised its public smoking ordinance years ago, e-cigarettes weren’t a technology on the market.

 

Now that they are the city’s Ordinance Committee met to discuss the proper language that would be needed to protect employees and patrons of businesses that allow smoking and other public areas that might be impacted.

 

City attorney Jennifer Meltzer told the committee that it might be best to use the state’s standard, which recognizes the new smoking technology.  Then, where the city deems it necessary to be more strict in its policy, it can.

 

 

The newly written ordinance will soon go to the common council for consideration.

 

 

 

Shelbyville AT&T robbed; suspects chased into Indianapolis

One arrest following a robbery and chase from Shelbyville into Indianapolis.

 

Shortly before 4:00 pm on Monday the Shelbyville Police Department received a 911 call from the AT&T store at 2584 E. State Road 44 reporting a robbery that just occurred. It was determined by tracking devices hidden in the stolen merchandise that the suspects fled westbound on I-74.

 

Suspect and vehicle descriptions were given by witnesses on the scene and officers gave chase west on I-74. The descriptions were given as three armed black males in a silver SUV with a missing hubcap from the right front wheel.

 

A Shelbyville Police  officer spotted a vehicle matching the description at I-74 and 465. The Shelbyville officer followed while IMPD and Marion County authorities were notified and other SPD officers caught up with him for back up. It was learned that the vehicle being followed was stolen in Marion County earlier in an armed carjacking.

 

The suspect vehicle began to accelerate away from officers near 465 and Shadeland Ave. The chase went on for several minutes on the southeast side of Indianapolis before the suspects fled from the vehicle in the Iron Gate housing addition on Mitthoeffer Rd. Units from the Shelbyville Police Department, Indianapolis Metropolitan Police and the Indiana State Police were able to apprehend one of the three suspects near the addition.

 

Shelbyville Police report the investigation will continue and more information will be gained. The name of the suspect is not known at this time and it is not known whether he is a juvenile or an adult.

 

There were no injuries and no property damage as a result of the chase or apprehension.

Shelbyville Police reporting woman's complaint of strange encounter at local stores

Shelbyville Police posted information on its Facebook page about a complaint reported by a woman with two people at local retail establishments.

 

The complaint was from a female in her early twenties who reported she was approached by an Arabic male while shopping in Walmart. The male was carrying a bright pink bag that said "For Her" in a heart on it. The male told the female he was with a cosmetic company out of LA that was trying to get their name out. The male handed her the bag and stated it would be $20, and he told her he could take cash or card. The female reported he was very aggressive with her while attempting to sell the bag so she declined.

 

The female stated she went to the cosmetics section of the store and a white female in her early twenties approached her with the same type of bag and the same sales pitch.

 

 

The female reported she left the store and went to Gordmans.  She arrived at Gordmans AND there were no cars parked near her. She stated she was in the store for a short amount of time, and upon walking out to her car there was a silver, late-model Honda 4-door parked next to her. She said the female from Walmart was in the passenger's seat, and when she looked up, the Arabic male was walking towards the vehicle in the parking lot. The complainant left the area and contacted police. The complainant was unable to get a license plate on the vehicle, but saw a sticker with a white rabbit on the back passenger's side window.

 

 

The Shelbyville Police Department asks everyone to please be aware of their surroundings. If you feel something is not right, please contact the police department and report it. If you see anyone that’s looks like the male and / or female in the pictures please contact the police department.

 

 

 

Waldron man surrenders to law enforcement responding to call of shots fired

A man was arrested after a report of shots fired brought law enforcement to a Waldron home early Wednesday evening.

 

Major Chris Holder of the Shelby County Sheriff’s Department says they received a call reporting a distraught subject at the house in the 200 block of Pullman Street.  Shots had been fired inside the house.  SWAT responded to the scene.

 

The man, Joshua Hadley, 28, of Waldron, was the only person at the home during the incident.  He was peacefully taken into custody charged initially with criminal recklessness while armed with a deadly weapon.

Motorcycle - truck accident injures Morristown man

A Morristown man was injured in a motorcycle - truck accident Tuesday evening.

 

That accident in Shelby County at 300 East and US 52. The rider, Mark Myer of Morristown, was taken to Methodist Hospital from that scene.

 

The Shelby County Sheriff's Department says the rider was transported with a possible broken leg.

Semi left I-74 and overturned on Michigan Rd.; two taken to hospital

On Tuesday evening, Shelby County's Michigan Road, just west of 400 West, was completely blocked to traffic by an overturned semi tractor trailer that came off of I-74.

 

The driver, Victor Rancy, of Glendale, Arizona, and a passenger were outside of the cab when crews arrived.  They were taken to Methodist Hospital.

 

 

A blown tire is believed to be the cause of the accident.

 

 

The semi was eastbound on the interstate when the accident occurred causing it to cross both I-74 directions and leave the road on the east side.

Shelbyville's Splash Pad possible opening Tuesday after repairs

One of Shelbyville’s places to cool off is waiting for some drying before it can be wet again.

 

Shelbyville Parks and Recreation Director Karen Martin says concrete repairs are complete at the splash pad in Blue River Memorial Park.  If the concrete has dried enough then the splash pad will be available on Tuesday.  If not, it will open Wednesday.

 

Martin also says work continues to progress on a new canoe launch and paving on the old Bridge 13 now on Blue River Trail should happen this week.  That could lead to the bridge being opened to trail users soon with a ribbon cutting coming later in August.

 

Also, new playground equipment should soon be in place in Clearwick Park.  A company is expected to wrap up its current project in Greensburg then come to Shelbyville.

City Council to receive tax abatement statements; vote on EDIT payments

 

Monday evening the Shelbyville Common Council is due to receive compliance statements for tax abatements given to two local companies.

 

Knauf Insulation and PK USA have submitted documents required annually from all companies granted abatements on their property taxes by the council.

 

Abatements allow companies to phase in property tax payments on new investments over a period of time.

 

The annual statements are submitted by all companies getting tax abatements to show they're in compliance related to the amount of money they've promised to invest and the number of jobs created.

 

On Friday, the City Council's Tax Abatement Committee approved sending the Knauf and PK USA statements on to the full council with favorable recommendations.

 

Committee Chairman Rob Nolley (R-3rd Ward), who's also president of the City Council, said Knauf has exceeded its job commitment.

 

“And they're, they're doing well. They estimated 315 employees; they're at 384. And their estimated salaries for the abatement were $16.7 million; they're actually at $22.6 million. So I would say that they are in compliance,” he said.

 

Nolley and fellow Tax Abatement Committee member Councilman David Phares (R-At Large) voted to recommend approval of the Knauf statement to the City Council.

 

They also voted to OK the compliance statement submitted by PK USA, noting that while PK has a number of tax abatements, they've helped the company thrive.

 

Committee member Councilwoman Joanne Bowen (D-1st Ward) arrived late to the meeting, after the votes were taken.

 

Also on the City Council's agenda Monday evening are three amendments to the city's EDIT spending guidelines.

 

EDIT is the Economic Development Income Tax that everyone working in Shelby County pays.

 

Mayor Tom DeBaun is asking the council to approve a $300,000 payment from the city's EDIT fund for land the city Redevelopment Commission bought from the Presbyterian Church.

 

That property on East State Road 44, just past I-74, is to be the home of a manufacturing plant for Greenleaf Foods, making veggie burgers and sausages.

 

In addition, about 150 acres are available for economic development at the site.

 

Another amendment to the EDIT plan is a one-time payment of $110,000 for repair of a pond in the Southern Trace subdivision.

 

Drainage work done by the city inadvertently led to an erosion problem in the pond.

 

And the final EDIT plan amendment is to make a one-time payment of $25,000 to Nextsite LLC, the company trying to get retail businesses to open in Shelbyville.

 

The City Council meets at 6:30 p.m. on Monday evening in City Hall, 44 W. Washington St.

 

Shelbyville's Enbi makes acquisition

Watermill Group, a strategy driven private investment firm, today announced that its portfolio company Enbi Group, a leading manufacturer of high-performance precision rollers, insulation, gaskets and sealing technologies, has acquired Pierce Industries. The acquisition brings expanded capabilities to Enbi’s customer base and positions the combined organization for strategic growth across all its end markets – including digital printing, packaging, ATMs and cash handling systems, HVAC (heating, ventilation, air conditioning), aerospace, transportation and other tight-tolerance industries.

 

Located in Rochester, New York, Pierce Industries is an industrial roller manufacturer that specializes in remanufacturing and assembly, advanced welding, CNC machining, cylindrical roll forming and coating applications. The company gives OEMs a competitive advantage by using innovative methods, such as inertia friction welding and cylindrical roll forming, to reduce production times and material costs and improve product quality. Its world-class remanufacturing capabilities are known for breathing new life into worn or damaged complex subassemblies and reestablishing like-new performance, increasing the lifespan of products, reducing resource and energy consumption and creating customer cost savings.

 

Pierce Industries President & CEO, Richard Webb, commented on the acquisition: “It has been my pleasure to lead this innovative, service-driven organization. Since 1968, our talented employees have helped to create a company that enables our customers to achieve breakthrough results. In Watermill’s family of portfolio companies, I am pleased to have found a home for Pierce that shares our values, maintains a commitment to our employees and increases our capability for innovation and growth. Our early collaboration with Enbi has shown that together we can provide a set of products and services that neither business could have offered alone, enabling us to continue our 50+ year tradition of delivering creative solutions and unparalleled results that our customers have come to rely on.”

 

“Pierce Industries has reinvented the way OEMs weld and manufacture industrial rollers and repurpose worn machinery, strengths which are invaluable in today’s increasingly competitive marketplace,” stated Tracy Streckenbach, Interim CEO, Enbi, and Watermill Partner. “By linking Pierce’s innovation expertise with Enbi’s precision engineering leadership, we can bring new capabilities, solutions and opportunities to our combined customer base.”

 

Founded in Nuth, The Netherlands, and headquartered in Shelbyville, Indiana, Enbi’s manufacturing presence spans the US, Europe and Asia. Linking this global footprint with Pierce’s capabilities will enable the combined organization to bring a wider set of innovative solutions to customers around the world.

 

“Watermill is dedicated to giving our portfolio companies the entrepreneurial vision, operational guidance and capital they need to realize their full potential,” stated Julia Karol, Watermill President and COO. “Bringing together these highly skilled organizations demonstrates our deep belief in Enbi and our commitment to invest in the company’s exciting future.”

 

For Watermill, Grant Thornton provided tax due diligence, K&L Gates and Blais, Halpert, Lieberman & Greene provided legal counsel and Partners Environmental Consulting, Inc. provided environmental due diligence. M-One Advisory, LLC advised Enbi and Nixon Peabody LLP provided legal counsel.

 

About Enbi Group

A leading manufacturer of high-performance precision rollers, insulation, gaskets and sealing technologies, Enbi serves best-in-class OEMs in digital printing, ATMs and cash handling systems, HVAC (heating, ventilation, air conditioning) as well as other industries in which exacting precision and quality are critical to end-product performance. The company serves a worldwide customer base from its headquarters in Shelbyville, Indiana as well as manufacturing facilities in the US, Europe and Asia. To learn more, visit enbigroup.com.

 

About Pierce Industries

Located in Rochester, New York, Pierce Industries is an industrial roller manufacturer that specializes in remanufacturing and assembly, advanced welding, CNC machining, cylindrical roll forming and coating applications. The company provides custom products and services to a wide range of end markets, including digital printing, packaging, glass equipment, mining, laminating, converting, aerospace, transportation, and ATMs, cash handling, and mail sorting systems.

 

About the Watermill Group

The Watermill Group is a strategy-driven private investment firm that helps companies achieve their full potential through strategic transformation. For more than four decades, Watermill has been acquiring, operating and improving companies. Watermill looks for businesses in which it can apply a unique combination of strategic insight and management expertise to re-imagine their future and drive growth.

INDOT workers involved in accident in Shelby County

Workers for the Indiana Department of Transportation were involved in an accident Wednesday morning, according to INDOT.

 

It happened on I-74 eastbound near State Road 244 late Wednesday morning.  

 

We’re still waiting for further details.

 

Shelbyville bank robber connected to multiple cases in three states

A man who robbed the Shelbyville Walmart Woodforest Bank on May 31 is wanted by the FBI in connection with four other cases.

 

The man suspected of robbing a Clinton, Tennessee bank is now wanted for questioning in four more robberies and a carjacking. The FBI is offering a reward for information leading to his arrest and conviction.

 

The man, dubbed the “Big Box Bandit”, robbed the FSNB, a bank inside the Walmart in Clinton, Tennessee, in May.

 

 

A few days later, the same man entered another FSNB bank branch inside a Walmart in Kingsport, Tennessee, carrying a manila envelope. In both robberies, the man entered the banks and demanded money be placed in the provided envelope.

 

As FBI agents and local law enforcement agencies began piecing together clues, they noticed he had also robbed a bank inside a Walmart in Shelbyville, Indiana, and a standalone bank in Candler, North Carolina.

 

Most recently, the suspect is believed to have carjacked an individual in West Knoxville on June 21st and used that vehicle in a robbery of a check cashing business inside another Walmart in Chattanooga later that day.

 

The man has driven a blue, older model Ford Taurus and most recently a gold Chevrolet Trailblazer stolen from Knoxville during the robberies. The robber weighs between 180-190 pounds and stands approximately 5’8” to 5-9” tall. He wore a beard in some of the robberies and a goatee in others.

 

If you know this person, or have any information about the robberies, you are asked to call the FBI’s Knoxville, Tennessee Field Office at 865-544-0751, submit a tip online at https://tips.fbi.gov , or contact your local law enforcement agency.

City opens bids for biggest-ever street project; meets with condemned home's owners

 

Shelbyville is preparing for the city's largest-ever street overlay project.

 

Members of the city's Board of Works on Tuesday (file photo) voted to take under advisement bids from six contractors to do the project.

 

Mayor Tom DeBaun, who chairs the board, asked city Engineer Matt House the nature of the work.

 

“And Matt, how big is this overlay?” DeBaun said.

 

“It's the biggest in the history of Shelbyville,” House answered.

 

Board member David Finkel asked House what his cost estimate of the work was, and House replied it was $1.3 million.

 

Following the meeting, House said the city's largest overlay project prior to this was about $350,000.

 

The new overlay project will include 48 streets in the city. Work is to begin later this year and continue into next year, he said.

 

Grant funding through the state's Community Crossings program will cover half of the cost of the new project which must be finished by next July, said House.

 

Bids received Tuesday were:

 

 

 

Paul H. Rohe Co. Inc. – $1,680,369

 

 

 

Robertson Paving Co. – $1,526,615

 

 

 

Grady Brothers Inc. – $2,260,243

 

 

 

Midwest Paving LLC – $1,534,713

 

 

 

Dave Omara Contractor Inc. – $1,638,780

 

 

 

Milestone Contractors – $2,030,795

 

 

 

In other matters, the Board of Works has given property owners Lisa and Ronnie Cameron 2 weeks to work with the city's planning department and come up with a timeline for repairing a house they own at 651 W. Franklin St.

 

Appearing at the meeting, the Camerons told the board they bought the house to fix up as a rental property but have not had time to do the work.

 

The city has condemned the structure.

 

And the Board of Works approved an agreement with the Southern Trace homeowners association.

 

Drainage work done by the city lowered the water level in a retention pond at the subdivision which led to an erosion problem.

Bullet fired into Shelbyville home

Shelbyville Police are investigating a bullet that was fired through the front door of a home.

 

No injuries were reported.

 

About 10:45 pm Monday the Shelbyville Police Department received a report of shots fired in the 500 block of Howard Street.  Officers found that a bullet had been fired into a front door.  The bullet then traveled through the living room and struck the wall.  The bullet continued through the wall and through the next room coming to a rest after striking another wall.

 

At this time the Shelbyville Police Department is investigating where the bullet came from.  Detectives are also looking at the possibilities including that this could have been accidental.  Bullets can travel good distances after being fired and that makes it difficult to find an origin.  

 

Detectives sent it off to the Indiana State Police Lab for processing.  

County OKs street closings for Waldron fireworks; plans to create list of ash tree contractors

 

Waldron is preparing for its annual Freedom Festival to celebrate the 4th of July.

 

And the Shelby County Commissioners have approved closing some streets for the festival parade that's a highlight of the event.

 

Because streets on the parade route are county roads, the commissioners must OK the closings.

 

One of the festival organizers, Chad Williams, made the request to the commissioners at their meeting on Monday.

 

“I've come to the commissioners asking to close down a couple of roads that will be a part of, part the parade route, from the time of about 1:50 til approximately 3 p.m. on Saturday, July 6,” Williams said.

 

The parade begins and ends at Waldron High School. Line up begins at 12:30 p.m. and the parade starts at 2 p.m.

 

Waldron's Freedom Festival runs for two days. It features a pedal-tractor pull for the kids at 5:30 p.m. on July 5, followed by live music at 7:30 p.m. when Trent Moss is scheduled to take the stage.

 

Festivities continue all day on July 6, capped by Waldron's annual 4th of July fireworks show at about 10:15 p.m.

 

A full schedule of events is posted on Facebook at the Public Group page of Waldron Will. The online address is – www.facebook.com/groups/waldronwill

 

In other matters, the commissioners heard from Scott Gabbard about the pestilence killing ash trees.

 

Gabbard is director of the Purdue Extension office in Shelby County. He suggested creating a list of approved contractors for homeowners to use for their ash trees killed by the emerald ash borer.

 

“These trees are dying from the top down, and so, when you go to cut 'em down, there's the potential for not taking them down properly, that it may actually pose a hazard to the person cutting the tree down because the tops break down, fall straight down and cause bodily harm, but then beyond that, physical, structural damage,” Gabbard said.

 

John C. DePrez IV, the commissioners' attorney, said he'd work with the County Plan Commission to create a list of approved contractors for the ash tree work.

 

And at DePrez' request, the commissioners approved an amendment to the county's Public Defender ordinance due to a new state law.

 

The law requires that one of the board members now must be appointed by the state Public Defender Commission rather than by local judges.

 

A new member of the county Public Defender board won't be named by the state until one of the two current judge-appointees leaves, DePrez said.

 

The commissioners also approved renewing insurance on the county's property and vehicles at a cost of $370,664, a 6 percent increase.

 

Brady Claxton, the county's insurance agent (pictured), said the county was able to get a fixed rate for 3 years.

 

Following their meeting, the commissioners said there's no word yet on the cost of health insurance for county employees next year.

 

A few recent high-dollar claims have driven health insurance premiums up well above average.

 

Convened as the Shelby County Drainage Board, the commissioners said work is continuing on a drainage problem in Gwynneville.

 

The board also is looking into reports of water covering County Road 800 North near 700 West north of London.

 

And the commissioners are asking property owners to mow around intersections where high grass and weeds can make it hard to see on-coming traffic and can hinder the flow of drainage ditches.

 

Attorney DePrez will be sending a letter to a property owner on County Road 1100 North near New Palestine about that problem.

 

When there's a continuing obstruction, the county can go ahead and mow it, and bill the property owner for the work, including attaching the cost to the owner's property tax bill.

Eldorado Resorts to buy Caesars; Shelbyville, Anderson racinos

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has entered into a definitive agreement (the “Master Transaction Agreement”) with Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado”) in connection with Eldorado’s proposed business combination with Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars”). Per the terms of the Master Transaction Agreement, VICI Properties will acquire the land and real estate assets associated with Harrah’s New Orleans, Harrah’s Laughlin, and Harrah’s Atlantic City and modify certain provisions of the existing Caesars lease agreements for total consideration of approximately $3.2 billion in cash. These transactions will result in aggregate incremental annual rent of $252.5 million, for an implied capitalization rate of 7.9%. Eldorado will use the proceeds to partially finance its combination with Caesars, which will create one of the world’s leading and preeminent casino and entertainment companies. A summary of the key transactions contemplated by the Master Transaction Agreement are as follows:

 

  • VICI Properties will acquire all of the land and real estate assets associated with Harrah’s New Orleans, Harrah’s Laughlin, and Harrah’s Atlantic City (collectively, the “Properties”) for an aggregate purchase price of approximately $1.8 billion. Simultaneous with the closing of the acquisition of each Property, each applicable Property will be added to the Non-CPLV Master Lease Agreement. The Non-CPLV annual rent will increase at closing of the Property acquisitions by $154.0 million, for an implied capitalization rate of 8.5%
  • In consideration of approximately $1.190 billion and $214.0 million, the rent under the CPLV Lease Agreement and the HLV Lease Agreement will increase by $83.5 million and $15.0 million, respectively. The CPLV Lease Agreement and HLV Lease Agreement will be amended and combined into a single master lease agreement (the “Las Vegas Master Lease”). The Las Vegas Master Lease will operate under the existing CPLV Lease Agreement terms, subject to the additional lease modifications described below
  • All rent coverage floors under the existing Caesars leases (as amended to reflect the inclusion of the Properties into the Non-CPLV Master Lease Agreement and the creation of the Las Vegas Master Lease) will be eliminated
  • All existing Caesars leases will be modified to reflect a uniform parent guarantee from the newly combined entity
  • All existing Caesars leases will be extended such that, upon the closing of the merger, a full 15-year initial lease term will remain prior to expiration of the initial lease term
  • VICI Properties and Eldorado will enter into a put-call agreement, whereby the Company has a call right to acquire, and Eldorado has a put right to require that the Company acquire, the land and real estate assets associated with Harrah’s Hoosier Park and Indiana Grand (together, the “Centaur Assets”). The purchase price related to the put option from Eldorado would be an 8.0% capitalization rate (or 12.5x the initial annual rent). The purchase price related to the call option would be a 7.7% capitalization rate (or 13.0x the initial annual rent). The initial annual rent for the Centaur Assets would be the amount that causes the ratio of EBITDAR of the property to the initial property lease rent to equal 1.3x. The put-call agreement may be exercised by either party between January 1, 2022 and December 31, 2024
  • VICI Properties will be granted rights of first refusal for whole asset sale or sale-leaseback transactions on two Las Vegas Strip properties, and a right of first refusal for a sale-leaseback transaction on Horseshoe Casino Baltimore. The first Las Vegas property will be selected among the following: Flamingo Las Vegas, Bally’s Las Vegas, Paris Las Vegas and Planet Hollywood Resort & Casino, with the second property to be one of the previous four plus the LINQ Hotel & Casino.

Ed Pitoniak, Chief Executive Officer of VICI Properties, said, “Upon closing, this transformative transaction will deliver significant and immediate value to our shareholders, along with replenishing our pipeline of growth opportunities for years to come. Most fundamentally, we are buying high-quality real estate at a very attractive cap rate, yielding our shareholders immediate accretion at closing. We are significantly enhancing the quality, security and term of our leases with our main tenant. Longer term, we are restocking a pipeline of growth opportunities that will allow us to continue to grow well into the future. We are doing all this with a great new partner in Eldorado. We took a holistic, partnership approach with Eldorado to building the strongest combination of operating and real estate excellence in American gaming. The reason we believe in the transformative nature of this transaction is quite simple – it will increase the value of our real estate now and over the long term.”

 

Tom Reeg, Chief Executive Officer of Eldorado, said, “In partnering with VICI Properties, we can unlock embedded real estate value allowing both companies to advance their respective growth strategies. As we considered pursuing this strategic and transformative transaction, we were delighted to establish this important and meaningful partnership with VICI as it will be a critical factor in our ability to drive near- and long-term value from the proposed extraordinary combination with Caesars Entertainment.”

 

John Payne, President and Chief Operating Officer of VICI Properties, said, “Eldorado has a long history as a preeminent operator of U.S. gaming assets. Beyond that, they also have a proven track record that is unmatched in the industry today in integrating and improving results at acquired properties. We believe their vision and approach combined with the strengths of the Caesars platform, including the Caesars Rewards loyalty program, will bring a paradigm shift to the combined company, dramatically improving the long-term outlook of our largest tenant. The new company, to be known as Caesars, will be the largest domestic gaming operator in America, with an unrivaled national footprint, with what we believe is by far the best hub and spoke system in American gaming, and the best opportunity to capitalize on the popularization of sports betting.”

The foregoing transactions are subject to the closing of the Eldorado/Caesars combination, and such transactions and the Eldorado/Caesars combination are both subject to regulatory approvals and customary closing conditions. Eldorado has publicly disclosed that it expects the merger to close in the first half of 2020.

 

The VICI transactions described above are expected to be accretive immediately upon closing and the Company intends to fund the transactions through a combination of cash on hand, equity and long-term debt financing.

 

In addition to this release, the Company has furnished a Transaction Overview presentation, which is available on our website in the "Investors" section, under the menu heading "Events & Presentations."

 

Deutsche Bank Securities Inc. is acting as financial advisor, Stifel provided a fairness opinion and Kramer Levin Naftalis & Frankel LLP and Hogan Lovells US LLP are acting as legal advisors to VICI Properties in connection with the transaction. VICI Properties has obtained committed financing, subject to customary conditions, from Deutsche Bank AG.

 

About VICI Properties

VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties’ national, geographically diverse portfolio consists of 23 gaming facilities comprising over 40 million square feet and features approximately 15,200 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation and Penn National Gaming, Inc. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip. VICI Properties’ strategy is to create the nation’s highest quality and most productive experiential real estate portfolio. For additional information, please visit www.viciproperties.com

Hit-and-run results in death on I-465; ISP searching for vehicle

Sunday morning around 3:51 a.m. a trooper was called to investigate a single vehicle crash, with no reported injuries, on the ramp from I-465 eastbound to Harding Street (SR 37). When the trooper arrived he was told the driver of the car had left the scene on foot to get help and a passenger was remaining inside the car.

 

Just after 5:00 a.m., while the trooper was finishing the investigation and the vehicle was being towed, the passenger declined a ride from the trooper and chose to walk on the ramp toward Harding Street. The passenger was not under arrest or being detained for any reason, he was walking to a restaurant on Harding Street to await a ride. As he crossed the ramp he was struck by a vehicle believed to be traveling at a high rate of speed. That vehicle, described as a Kia Sol, fled the scene. The trooper on scene immediately rendered aid to the victim until medics arrived. Despite life saving efforts the male was pronounced deceased on the scene.

 

The vehicle that fled the scene, a  Kia Sol or similar style vehicle, drove south on Harding Street. The vehicle should have heavy front end damage. If you see any color Kia Sol in the area with front end damage please contact the Indiana State Police at 317-899-8577.

 

County gives initial OK to new building

 

The Shelby County Council has begun the process of constructing a new office building.

 

Members of the County Council unanimously have approved an ordinance allowing the county to issue up to $5 million in bonds to cover the cost.

 

Plans have been in the works for several years to relocate the county's probation department from its overcrowded space in the old Shelby County Court House, 407 S. Harrison St., to the new facility.

 

Starting in 2015, the county bought properties on West Polk Street across from the Court House and Court House Annex.

 

Buildings then were demolished and the site cleared to await construction of the new building.

 

County Council president Tony Titus said after the council meeting Tuesday evening that approving the bond ordinance is just the first step in that process.

 

“The ordinance just, all it does is allow us to move forward, go through the bonding process, so when we get our final numbers from the architect, then we'll move forward with the bond next month. So that's kind of the intent. The reason, we're trying not to waste as much time doing it so we can get it put out for bids and get the process moving so we can start it,” he said.

 

Titus said the County Health Department and Purdue Extension office, both now at 1600 East State Road 44, are to go into to the new building as well.

 

Eventually, he said, they'd like to move the Extension office to the County Fairgrounds, 500 Frank St., which the county owns.

 

In other matters, the County Council approved spending nearly $380,000 for new computer servers.

 

IT consultant Rob Nolley, who's also a member of the Shelbyville City Council, said the system would have more capacity than existing data banks to store records the county and city must keep.

 

Nearly 70 percent of those records are from the Sheriff's Department, Nolley said.

 

Also, the County Council approved $38,325 in matching funds to pay for the cost of hiring a new deputy prosecutor. The remainder is to be paid with grant funding.

Two injured in Tuesday Shelbyville crash

Two people were injured in a three vehicle Shelbyville accident Tuesday.

 

Shelbyville Police report Jacob Fritz, 36, of Indianapolis, explained that he was stopped in the turn lane on Progress Parkway to turn eastbound onto State Road 44 just before 9:30 am.  Fritz said a collision occurred in front of him and one of the vehicles was pushed into his.

 

The police report indicates Danielle Querry, 29, of Shelbyville, was in the far right lane westbound on SR 44 at Progress Parkway.  Querry told police the light was green and she didn’t see anything coming.  At the last moment she saw a Mitsubishi Outlander approaching and couldn’t avoid the collision.

 

The third vehicle was operated by Jordan Dunz, 27, of Shelbyville.  The police report states Dunz was driving northbound on Progress Parkway.  Dunz said she couldn’t see the traffic signal because of a semi in front of her.  Thinking the light was green she drove into the intersection at the crash occurred.

 

Querry sustained an injury to her abdominal area. 

 

Dunz was listed with a complaint of pain.

 

All three cars involved were towed from the scene.

East Washington Street project on track despite rain

 

Work to reconfigure East Washington Street is on schedule in spite of the seemingly endless rains.

 

City engineer Matt House reported to the Shelbyville Board of Works on Tuesday that construction crews are making progress on the street redesign.

 

“Before last week they had only lost one day to the rain. It was never too hard to stop it for a full day. I think yesterday (they) stopped at 2 or 3. So we're in good shape,” he said.

 

At House's request, the Board of Works approved a contract with Ratio Architects and engineering firm Butler Fairman Seufert for $31,000 to assess the work on East Washington Street.

 

The East Washington project is due to be finished this fall.

 

Remodeling the street is a prelude to Mayor Tom DeBaun's overall downtown redevelopment plan.

 

Last week, the city's Redevelopment Commission approved funding for the downtown plan, capping that spending at $19 million, about 15 percent less than the developers had proposed.

 

Developer Genesis Property Group is in the process of seeking bids on the downtown project.

 

In other matters Tuesday, the Board of Works (file photo) approved changes to the Shelbyville Fire Department's operating manual for ambulance service.

 

The changes are to strengthen the guidelines for transporting patients between hospitals.

 

Also, the board approved a request by Walmart to set up its annual charity collection for Riley Hospital on June 22 and 29.

 

Walmart volunteers will collect donations at Mechanic and Harrison Streets, and this year, also at the intersection of McKay Road and State Road 9.

 

And the Board of Works gave permission for the Healthy Shelby County Coalition to hold a yoga exercise class at the former Major Hospital site on West Washington Street which the city owns.

 

The yoga session is scheduled for the morning of July 13 as part of the coalition's annual diet-and-exercise collaboration with the weekly Farmers Market across the street from the hospital site.

Shelbyville Police investigating Friday evening stabbing

Photo from Jennifer Nicole 

 

Shelbyville Police are investigating a weekend stabbing. Just after 6:30 pm Friday, officers arrived at an apartment in the 800 block of Miller Ave and found one victim with a wound to his chest.

 

Shane Sirk told police he had been stabbed by John Sansing. Sirk said the men got into an argument after Sirk came to the resident to deal with childcare issues. Sirk said he was struck by an object as he walked upstairs where Sansing was located.

 

Shelbyville Police said Sirk was taken to the hospital for medical care and his condition is unknown as of this time.

 

Shelbyville Police say this is an open investigation.    

City gives final OK to POET tax abatement

 

A 100 percent property tax abatement for POET Biofuels has cleared the final hurdle.

 

On Monday morning, the Shelbyville Common Council approved a request by the South Dakota-based company for the first-of-its-kind abatement by the city.

 

POET plans to build a refinery to make ethanol on a nearly 145-acre site located on County Road 300 North about one-half mile west of Tom Hession Drive. The city recently annexed the area.

 

Ethanol, or ethyl alcohol, is a gasoline additive distilled from corn. The U.S. Environmental Protection Agency has approved increasing the amount of ethanol that can be added to gasoline from 10 to 15 percent for use in cars made since 2001.

 

POET's attorney, Stephen Schrumpf of the local law firm Brown, DePrez and Johnson, told the council the refinery would use more corn than is produced in Shelby County each year.

 

“Assuming that all of the farmers in Shelby County were to sell their corn to POET, that would have an economic impact of goods purchased in Shelby County of almost $70 million. (Annually?) Uh, annually, yes. Additionally, they will employ 45 employees with wages, just salaries, of approximately $45-to-$50,000, and then a benefit package on top of that,” he said.

 

POET asked the city to abate all personal property taxes on more than $105 million worth of equipment for 10 years, and abate nearly all of the property taxes on $75 million in real estate, also for 10 years.

 

The City Council's vote to approve the tax abatements was not unanimous.

 

As they had previously, City Councilmen Brad Ridgeway (R-4th Ward) and Jeff Wright (D-5th Ward) voted no.

 

Wright called the abatements “excessive.” Ridgeway said residents he's talked to also don't like the abatement package.

 

“No one's disputing about farmers; I have a lot of clients who are farmers. It'll be great for farmers; it'll be great for jobs. Nobody's disputing that. What we're disputing here, what I'm interested in, the majority of people I talk to, is the excess tax abatements. We're an attractive city; we have a lot to offer. And you just said yourself, we're going to be partners. Here's what the CEO of POET said, 'This is the right project in the right location at the right time.' I don't think they'd walk away if we gave them a standard tax abatement,” Ridgeway said.

 

Schrumpf noted that POET was considering a location in Ohio, and Ohio doesn't have any tax on personal property which was very appealing to the company.

 

He added that the project will mean a new water line run to the area to spur development.

 

Shelbyville Mayor Tom DeBaun added that the state allows local communities to give even larger property tax abatements which the city won't do.

 

“The only comment I would add to that is, the state of Indiana stepped in and said, cities you have the ability to give a 20-year tax abatement, called a super-abatement, but I don't know that the state of Indiana has ever said, let us bear that burden. Typically, in every legislative session, the state of Indiana is saying, cities and counties, good luck. We have had numerous requests for 20-year abatements, and we've said from the beginning, no we will not consider that,” DeBaun said.

 

This was the second and final vote by the City Council on the POET tax abatements. Approval clears the way for the company to proceed.

 

POET expects to finish building the ethanol refinery by March, 2020.

 

In related matters, the City Council approved forms filed by eight local companies to show they're in compliance with the terms of their tax abatements. The companies are:

 

Nippon Steel

 

Plastic Moldings

 

Ryobi Die Casting

 

Sankyo

 

Ten Cate Enbi

 

Toray Resin

 

Triumph Fabrications

 

Yushiro (YUMA)

 

Bob Wortman surprised with presentation of Sagamore of the Wabash

Major Health Partners is putting final touches on its new MHP Intelliplex Professional Building, which will house the Sue Ann Wortman Nephrology Center. 

 

(Photo courtesy of Blue River Community Foundation)

 

Bob Wortman, owner of J.R. Wortman Co. of Morristown, was a key contributor with his  monetary gift to establish the nephrology center which will be named for his late wife, Sue Ann, who died in 2015.

 

In 2015, Wortman made a contribution to the Hancock Regional Hospital Foundation for its new cancer center,  that was added to the hospital campus in Greenfield.  The center is now called the Sue Ann Wortman Cancer Center.

 

Those are just two examples of how the long time Morristown resident and business owner has given back to his communities.

 

And two examples of why Wortman was recently granted the Sagamore of the Wabash.  Something he didn’t know was coming.

 

 

 

 

 

 

 

 

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