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• Case | HBS Case Collection | 2013

  Hudson Yards—The Other Side of the Tracks?

  Christopher M. Gordon, A. Eugene Kohn, John D. Macomber and Lisa Strope

  Stephan Ross, CEO of Related Companies, is considering an opportunity to invest $1 billion for the air rights over the Hudson Rail Yards in New York City. The investment would allow Related to build a platform over the operating rail tracks and develop this blighted edge of New York City into one of the top tier places to live, work and shop in the world.

  Keywords: real estate; Property; Growth and Development Strategy; Urban Development; Real Estate Industry; New York (city, NY);

  Citation:

  Gordon, Christopher M., A. Eugene Kohn, John D. Macomber, and Lisa Strope. "Hudson Yards—The Other Side of the Tracks?" Harvard Business School Case 213-040, January 2013.

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• Case | HBS Case Collection | 2012 (Revised from original 2012 version)

  Dirigo International

  Christopher M. Gordon and Chad M. Carr

  Dirigo International is proposing a major expansion of their life sciences research and manufacturing facilities in the heart of a major city and middle to lower income residential neighborhood. The company and city government are seeking a development solution in the form of unique land use regulations and a resulting development strategy that weighs the financial, economic, aesthetic, and environmental impacts of the development. Companies and governments around the world often find themselves on opposite sides of land use proposals. This case demonstrates the dilemmas and tradeoffs related to private land owner rights and the role of government in seeking positive outcomes for broader society. Case students will rigorously look at issues of development density, funding responsibilities, financial capacity, land use regulation, and development politics.

  Keywords: Production; Property; Expansion; Governing Rules, Regulations, and Reforms; Business and Government Relations; Research and Development; Outcome or Result; Biotechnology Industry;

  Citation:

  Gordon, Christopher M., and Chad M. Carr. "Dirigo International." Harvard Business School Case 212-056, August 2012. (Revised from original January 2012 version.)

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• Case | HBS Case Collection | 2009 (Revised from original 2009 version)

  Disaster in April: The Obligations of Kelly Construction

  John D. Macomber, Christopher M. Gordon and Ben Creo

  A construction company experiences a crane accident with multiple fatalities. The CEO, a client, and an employee must make choices to meet the company's obligations. Set in 2006, the case looks at the choices faced by board members of a museum that is an important client and that is faced with a completion deadline and of a key employee who has other offers of employment and is negotiating a stay-put bonus. The rights and interests of the surety company that provided the construction bond are also interwoven. The protagonist is the CEO of a multi-generational family business who must now negotiate with these parties and then decide whether to attempt to raise new capital, declare bankruptcy, or try to lead a controlled wind-down. The case explores crisis management, decisions by principals operating in the zone of insolvency, construction contract types, the limits of recourse available from construction bonds, roles of board members, calculation of an employee stay-put bonus pool, subcontractor and vendor communication, and reputational issues around bankruptcy or closure of a closely held family business. Analytical tools include contract status report, contractor balance sheet, and stay-put bonus pool.

  Keywords: Business Exit or Shutdown; Family Business; Insolvency and Bankruptcy; Governing and Advisory Boards; Compensation and Benefits; Contracts; Crisis Management; Construction Industry;

  Citation:

  Macomber, John D., Christopher M. Gordon, and Ben Creo. "Disaster in April: The Obligations of Kelly Construction." Harvard Business School Case 209-099, April 2009. (Revised from original January 2009 version.)

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