Indicates a problem in connection with the renovation a small office building in Boston. Describes meeting that is knowingly underfunded an investment decision. As construction progresses, recognizes the developer that it is not up to building code and is facing difficult financial and ethical decisions regarding the restructuring of the deal, the search for other sources of capital, instead of contractors and dealing with a difficult building inspector . Also points to the need to do this exact financial planning.

Indicates a problem in connection with the renovation a small office building in Boston. Describes meeting that is knowingly underfunded an investment decision. As construction progresses, recognizes the developer that it is not up to building code and is facing difficult financial and ethical decisions regarding the restructuring of the deal, the search for other sources of capital, instead of contractors and dealing with a difficult building inspector . Also points to the need to do this exact financial planning.
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from
William J. Poorvu,
Yes Libert
Source: Harvard Business School
15 pages.
Release Date: 04 December, 1987. Prod #: 388 084 PDF-ENG
A leather road HBR case solution