| HBS Case Collection
(Revised from original 1987 version)
One Leather Street
Presents a problem involving rehabilitating a small office building in Boston. Describes an investment decision which is knowingly underfunded. As construction proceeds, the developer realizes that it is not up to building code and faces difficult business and ethical decisions regarding restructuring the deal, finding other sources of capital, replacing the contractors, and dealing with a difficult building inspector. Also points to the necessity of doing accurate financial planning.
Keywords: Financial Management;
Decision Choices and Conditions;
Real Estate Industry;
Poorvu, William J., and Jeffrey A. Libert. "One Leather Street." Harvard Business School Case 388-084, May 1991. (Revised from original December 1987 version.)