Steel Street

Posted: 10 Sep 2009

See all articles by Arthur I. Segel

Arthur I. Segel

Harvard University - Entrepreneurial Management Unit

William J. Poorvu

Harvard University - Business School (HBS)

Ben Creo

Harvard University - Business School (HBS)

Justin Seth Ginsburgh

Harvard Business School

Date Written: August 19, 2009

Abstract

Presents a problem involving rehabilitating a small office building in Pittsburgh. Describes an investment decision which is 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. This case also points to the necessity of doing accurate financial planning.

Suggested Citation

Segel, Arthur I. and Poorvu, William J. and Creo, Ben and Ginsburgh, Justin Seth, Steel Street (August 19, 2009). HBS Case No. 210-010, Harvard Business School Entrepreneurial Management Unit, Harvard Business School Finance Unit, Available at SSRN: https://ssrn.com/abstract=1470234

Arthur I. Segel (Contact Author)

Harvard University - Entrepreneurial Management Unit ( email )

Cambridge, MA 02163
United States
617-495-6998 (Phone)

William J. Poorvu

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Ben Creo

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Justin Seth Ginsburgh

Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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