A business titan has passed on, and it will be hard to conjure a conceivable replacement for Mel Simon.
He was 82 years old. He and his brother founded the Simon Property Group out of Melvin Simon and Associates, the company that gave birth to the indoor shopping mall, and they have malls across the globe, including the Mall of America.
In 1983, he and his brother Herbert Simon both bought the Indiana Pacers, and in the 26 years since the purchase the team has made the NBA playoffs 17 times. He was also a lifelong and devoted Democrat. There are few in the same class as Mel Simon, and it takes more than payday loans to mold such an innovator.
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