In 1980, Thomas J. Klutznick, president of Chicago-based development company, is considering whether it should construct a building on the Class A second course site outside Central Loop or not. He was an ambitious project, but the economic conditions, the simultaneous construction boom in other prime locations in the heart of Chicago, and high interest rates suggested he should think long and hard before committing resources of this speculative venture.
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on A. Eugene Kohn Source: Harvard Business School 16 pages. Publication Date: December 19, 2006. Prod. #: 207028-PDF-ENG
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