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  • March 2002 (Revised June 2003)
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MAC Development Corporation

By: Richard G. Hamermesh and Colleen McCaffrey
  • Format:Print
  • | Pages:24
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Abstract

Deals with MAC Development's efforts to develop a 41-acre site near Chicago. Reviews two years of efforts and highlights the remaining issues of: 1) gaining town approval for development and tax reductions, 2) meeting the bank's debt covenants, including finding a buyer for the first lot, and 3) agreeing on a final purchase price with the seller. Includes color exhibits.

Keywords

Risk Management; Taxation; Financial Instruments; Borrowing and Debt; Asset Pricing; Construction Industry; Chicago

Citation

Hamermesh, Richard G., and Colleen McCaffrey. "MAC Development Corporation." Harvard Business School Case 802-140, March 2002. (Revised June 2003.)
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About The Author

Richard G. Hamermesh

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