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2011 Forty Under 40: Michael Huber

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About me...
Michael Huber
Deputy mayor for economic development
City of Indianapolis
35
Web sites:
Social media:
On my hip:
iPhone
Most-used apps:
Twitter
mint.com
Wolfgang's Vault
ISO
Favorite stuff:
Friedrich Hayek's "The Road to Serfdom;" Virginia Postrel's "The Future and Its Enemies;" Jacques Barzun's "From Dawn to Decadence;" jazz musician Sonny Rollins and jazz pianists Bill Evans and Claude Sifferlen; Stevie Wonder; Sufjan Stevens; The National; Lewis Taylor and my rock band "The Population;" TV show "The Wire."
 

Michael Huber doesn’t get a lot of praise in his job. As Indianapolis’ deputy mayor for economic development, his phone calls and e-mails mostly come from people who want something.

“That’s just part of the job,” he said. “So many neighborhood leaders, community leaders, business leaders, they’ve got your cell phone, they’ve got your e-mail and they have really urgent needs and they expect you to respond really quickly.”

After starting his career working in management consulting, Huber, 35, went to the Kelley School of Business for his MBA. In his second year of business school, he got involved with the Mitch Daniels campaign, and then went to work for the governor after graduation. After three years, he went to work for Indianapolis mayoral candidate Greg Ballard, joining the administration after Ballard was elected.

He can boast about the efforts behind the $150 million plan to transform the South Street corridor, Indiana University Health’s (formerly Clarian) expansion ($192 million capital investment creating an estimated 1,100 jobs over the next seven years) and the parking meter modernization proposal. But Huber said the highlight so far has been passing the proposal to transfer the city’s water and wastewater utilities to Citizens Energy Group. He was project manager for that initiative.

“We were able to come up with a plan that we feel is transformational, and now we’re beginning to see the economic effects around Indianapolis when we see construction signs all over the city,” he said. “Michigan Road is getting a sidewalk on the northwest side, which they’ve been requesting for years and years and years. I think that’s been the most gratifying thing.”

Huber, who sits on several not-for-profit boards, including Indianapolis Downtown Inc. and the youth-intervention program Stopover Inc., has lived in Indianapolis for 10 years. His wife is from California. Both have a passion for the city.

“This position puts you in touch with so many people—the business community, the non-profit community, the government,” he said. “There are people who are doing really amazing things. That part of the job, for me, is really exhilarating.”•

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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