Showing posts with label Neace Ventures. Show all posts
Showing posts with label Neace Ventures. Show all posts

Thursday, August 31, 2017

With potentially valuable redevelopment property at stake, Bob Hall and Jeff Gahan plot different paths to the same "go the hell away" outcome.


Remember the reader comment from a few weeks back, outlining Deaf Gahan's instructions for bag man David Duggins v.v. the latter's probable "stewardship" of the New Albany Housing Authority?

Duggins is getting a nearly 40% raise, not 30% which means that he is basically doubling his salary.

Oops. I meant this part:

Next thing to look for: Duggins will let maintenance slide and push the units into a state of total disrepair by neglect. Then they will have to be torn down. Some residents also expect that their now quiet and safe environment will suddenly be filled with problem tenants so that crime will increase, making the housing developments a broader negative public concern.

Different tactics in Charlestown, same overall aim. At least in Bob Hall's case, he's a Republican and doesn't pretend otherwise. Let's look first at the conclusion of Elizabeth's Beilman's report.

(Charlestown) officials have claimed the ordinance was designed to eliminate unsafe housing. Neace Ventures' redevelopment plan entails demolishing all homes in the neighborhood and building homes similar to those in Louisville's wealthy Norton Commons.

Whether it's New Albany or Charlestown -- Gahan or Hall -- there's potentially valuable property at stake, and absolutely zero ethical sensibility. Humans? Just do what you have to do to move them out, because luxury's on the way.

UPDATED: Charlestown officials, developers privately met on Pleasant Ridge redevelopment, documents show, by Elizabeth Beilman (Hanson's Cornucopia of Christianity)

Documents to be used as evidence in suit


CHARLESTOWN — Charlestown Mayor Bob Hall met in private and communicated via text message and email with developers to discuss redevelopment of Pleasant Ridge, documents supplied to media show.

An email between Neace Ventures developers as well as papers that appear to be notes taken from a meeting last summer suggest part of the plan entailed driving down property values in order to set lower prices for acquiring homes through eminent domain.

These notes, which are being attributed to Hampton taken during a meeting with Hall, state under a section labeled "plans" that "[boarded] up homes will lower values."

"If they talked to the mayor and got an impression that something might or might not happen, they're entitled to their impressions, their beliefs," city attorney Mike Gillenwater told the News and Tribune in a phone interview Wednesday. "You're talking about the note that [Neace Ventures agent] John Hampton took. Those are his impressions."

These documents — which include emails, text messages and meeting notes — were released by the Institute for Justice, which is party in a lawsuit against the city by residents of the Pleasant Ridge neighborhood. The documents were obtained during discovery portion of the lawsuit.

Friday, June 16, 2017

THE BEER BEAT: Neace Ventures acquires Tin Man Brewing Company.

This just in from Angie Fenton.

For now, just the press release. After U2 is finished tonight and there is time to think, maybe I'll offer analysis, but for now, I'm simply delighted for the Davidsons. They're first-rate folks and I hope this is a power move for them.

And this: Damn it Neace Ventures, I was really hoping you'd buy my 1/3 share of NABC. Guess I'll keep having to e-mail that guy in Shanghai.

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Neace Ventures Acquires Tin Man Brewing Company

Kentuckiana-based venture capital company adds Evansville Brewery to Portfolio


Louisville, Ky. (June 16, 2017) – Neace Ventures, a Kentuckiana-based venture capital and real estate firm, has acquired Tin Man Brewing Co. in Evansville, Ind.

“Neace Ventures is excited to announce the acquisition of Tin Man Brewing Company,” said Neace Ventures President Brad Estes. “The synergies that this fine company brings to our food and beverage portfolio are countless. We proudly welcome the Davidson family into the Neace Ventures family.”

Tin Man Brewing, which is located at 1430 W. Franklin St. in Evansville, ceased its Tasting Room operations in late March but continued brewery production for its distribution network while seeking a new owner.

“We’re very excited about this partnership,” said Tin Man Brewing President Nick Davidson. “We have always been a family business, and now we’re becoming a part of a bigger family.”

The acquisition, which was prepared by Middleton Reutlinger and financed by German American Bank, expands Neace Ventures’ food and beverage portfolio, which already includes Old 502 Winery, Falls City Brewing Company, Over the Nine, and Brownies “The Shed” Bar and Grille. It also affirms Neace Ventures’ commitment to communities and partnerships.

“Falls City couldn’t be happier to welcome a new sister company. Tin Man’s brand reputation speaks for itself and its people are a class act,” said Falls City President Shane Uttich. “Our entire team is excited.”

In addition to the acquisition of Tin Man, Falls City previously announced that it will move its Louisville brewing and tap room operations to East Liberty Street in NuLu/Phoenix Hill. This will allow Old 502 Winery to expand its operations at 116 S. 10th St.

The Neace Ventures headquarters are located at 110 W. Main St. Louisville, Ky. Chairman John Neace founded the company after building and selling one of the nation’s largest insurance brokerages. Find out more about the company at neaceventures.com.

Saturday, June 03, 2017

THE BEER BEAT: Falls City nixes its previous expansion plan, and now the new brewery is slated for NuLu.

There's only one way to the beer garden.

Way back on January 27, I thought we had this Falls City brewery expansion package nicely packed and wrapped, so much so that it inspired a vintage pro-localism rant.

THE BEER BEAT: No selfies necessary, because localism is why I believe the impending Falls City expansion is good news.

 ... To me, this is great news. It brings the brand back home, and the expansion ties into what John Neace and Neace Ventures are doing with Louisville City FC, and in my mind, enhances prospects for the soccer stadium to be in the west end. All I need is for the K & I Bridge to be reopened to foot and bicycle traffic, making my commute to all this easier without a car.

It's still good news, and yes, I still want the K & I to be open for use by humans as well as trains, but I'm not sure the ink was dry on my post in January before rumors commenced that the west end brewery buildout wouldn't be coming to fruition. These reports spiked around the time of Louisville FC's big stadium news.

Louisville City FC set to announce Butchertown stadium location as the Bud Light Limes flow like unabated storm water over at the Roadhouse.

"The ownership of Louisville City FC has 40 acres in the Butchertown neighborhood – off Cabel, Adams and Campbell streets – under contract for a new soccer stadium that would be flanked by other commercial development."

Obviously, it makes little sense for the Neace family to own a brewery and for it not to supply vast amounts of beer for games played by the soccer team, in which they also have an ownership stake. This new projected brewery location is a bare mile from the proposed stadium site.

The current Falls City property (along with 502 Winery and Over the 9) would remain on duty to guard the western flank and give me a place to ride my bike once the K & I is seized by the city of Louisville, removed from the cold dead hands of Norfolk Southern, and restored to public access.

As ever, a boy can dream.

Falls City Brewing Co. announces move to NuLu, by Kevin Gibson (Insider Louisville)

Falls City Brewing Company will open a new brewery and taphouse in NuLu later this year, featuring a canning line and outdoor beer garden.

The brewery’s owners announced in January that a new facility would open in Portland, but the deal didn’t go through as planned. The new facility at 901 E. Liberty St. is a property owned by the brewing company’s owner, Neace Ventures.

Construction will begin sometime in June, and the brewery is expected to be fully operational by late autumn.

Friday, January 27, 2017

THE BEER BEAT: No selfies necessary, because localism is why I believe the impending Falls City expansion is good news.

I'd like to applaud a news item pertaining to Falls City Brewing Company, but first, a wee bit of background.

Anyone seen my soapbox?

At some point in the distant past, I joined two or three Facebook sites devoted to "craft" beer, primarily (naively?) seeking information and discussion.

It soon became apparent that I have little in common with an entire generation of "craft" beer fans, especially when exploring the topic of localism in brewing. In retrospect, some of the chats I had on "social" media should have prepared me for the bottomless venom of Clinton v. Trump.

I'd suggest that local beer and brewing were good, and to be desired, and within minutes you'd think I'd bayoneted a baby.

Once upon a time there were many local American breweries. A conflagration (Prohibition) leveled most of them, and of those remaining, only the ones most adept at capital accumulation (ah, glorious capitalism) were able to meet the reemerging beer market's needs, less in terms of price point than packaging to sell beer in areas which might have been out of range formerly – i.e., those very same locales where brewing ceased or diminished owing to Prohibition. The habitat changed, and the strong survived.

Capital accumulation leads to greater size, which leads in turn to wider powers, which leads finally to the ability of an Anheuser-Busch to come into a marketplace (say, Louisville, 1950s and 60s) and knock out whatever remained of brewing competition (say, Fehr’s, Oertel’s and eventually Falls City) by under-selling.

Voila! Now Budweiser from St. Louis could become "Louisville’s beer," and to this very day it says so right there on that humongous sign in right field at Slugger Feel This, bringing with it all the abuses of economic power that compelled us to stage a beer revolt in the first place.

But localism as an economic doctrine provides another way of looking at the world – capitalism with a more human face, complementary to a good beer ethos, and also a different collection of information that permits tying a singular love of mine (beer) to another (the community in which I live, and how to make it better). It offers sense and sensibility out of relative scale, and suggests differing standards of value and achievement.

It isn’t infallible, but it’s a place to start.

I’m coming to understand why Dave Zirin is my favorite American sportswriter, He refers to his column as the place where sports and politics collide, and that’s the same way I feel about beer.

Granted, my former career in beer had its share of missteps, and I didn't always “get it" when I should have, but looking back, there is considerable relief, and a measure of vindication, that I got it right more often than not.

For the most part, I tried to connect dots even before I knew what they meant. Beer is inseparable from community, and it is not consumed in a vacuum. If good beer cannot touch adjoining areas of the human experience, to modify them and be modified by them, then it no longer interests me.

Now, back to the Facebook portals, where the vast majority of activity (then as now) involves participants posting loving photos of the beers they have acquired, or are presently drinking, or will soon hide away in a space formerly reserved for the delusions of post-nuclear attack “survivors.”

Seldom are there substantive efforts to explain exactly why we should be in awe of the treasure troves depicted within; only visual beer porn, because as members of the insider's club, we’re expected to know – or to hurriedly search on-line beer ratings aggregators lest we appear dumb:

“Ah, look; dude got him an equatorial, triple-soured, dry-Chrysanthemummed Brett bomb aged in caskets formerly used to bury Scottish road kill constructed with Islay-tempered wood. Lucky fucker. Maybe he’ll trade me for a …”

To me, this attitude is little more than a circle jerk: “Look what I have, and see how important I am.”

I'd suggest that narcissism of this caliber goes far to explain the nation's current ideological gridlock, and I'll be damned it I'll allow it to intrude upon the serenity of my beeriness -- explaining why I seldom return to the sites in question.

Taking it a step further, with hundreds more breweries capitalized and predicated on an "export" model of packaging, dedicated to shipping elsewhere as opposed to increasing the local "craft" beer base and growing organically, the logic implies attitudinal assumptions with the real potential to negate local brewing's fundamental raison d'etre.

If one follows the export doctrine to its logical conclusion, each brewery will be shipping its beer somewhere else, at least until they’re winnowed out by force of capital accumulation, at which point a brewery in Georgia will erect a billboard somewhere by the Ohio River toll bridges: “We’re the only beer Louisville really needs,” and in the dark of night, their trucks on the interstate highway to Louisville will pass the ones from Louisville breweries, headed toward Atlanta.

Then we’re right back where we started, aren’t we, and in need of (yet another) revolution?

Let's see ... I promised something about Falls City, and here it is. To me, this is great news. It brings the brand back home, and the expansion ties into what John Neace and Neace Ventures are doing with Louisville City FC, and in my mind, enhances prospects for the soccer stadium to be in the west end.

All I need is for the K & I Bridge to be reopened to foot and bicycle traffic, making my commute to all this easier without a car.

This iconic Louisville beer brand is considering a major expansion, by David Mann (Louisville Business First)

Falls City Brewing Co. is planning a major Louisville expansion and it's teaming up with Heine Brothers' Coffee to do so.

Neace Ventures, Fall City's parent, has signed a letter of intent to acquire ownership in the building that houses the Heine Brothers’ Coffee headquarters, according to a news release. The building would be co-owned by the companies. And the move would bring 100 percent of Falls City’s brewing operations to Louisville.

Saturday, November 12, 2016

Extol Magazine now operating under Neace Ventures.


I don't suppose Neace Ventures is looking for a 33.3% ownership in an Indiana brewery ripe for adaptive reuse?

The Extol Team is thrilled to announce we are now operating under Neace Ventures, which is owned by New Albany businessman John Neace and headed up by the newly-appointed president, Brad Estes. Our sister companies include Old 502 Winery, Louisville City FC, Brownie's "The Shed" Grille & Bar, Falls City Brewing Co., Blue River Cabinetry and many more. This move will allow us to grow and further our mission of celebrating — and serving — the Southern Indiana community ...

... John Neace was the first person to support our dream of starting Extol by becoming our initial investor. He and Vitor Bueno both jumped on ship as minority owners in this venture that was started by Sales Director/Managing Partner Jason Applegate and his wife Angie Fenton, Extol's editor in chief. We are so grateful for this opportunity to grow and further our mission.

And from Angie Fenton:

Jason (Applegate) and I are excited about this recent move. While we still have ownership in Extol Magazine, becoming a part of the Neace Ventures family is only going to give us more opportunity to grow ... Thanks to an incredible team of contractors and our recent hiring of several full-time employees, Extol is on the move in ways we not only dreamt about but have made come to fruition. Now that we're under the Neace Ventures umbrella, Extol's future looks even brighter.