The Croker Concourse Scheme

A Man in Full

This thread follows the financing, concealment, threatened seizure, and attempted secret resale of Croker Concourse.

increasing

Bearing strength in each event

decreasing

Investor Land Investor Land from "A Man in Full". Investor Land Discovery Charlie Croker finds that speculators have already acquired the land he wants in Cherokee County.

Investor Land from "A Man in Full". Investor Land Discovery Charlie Croker finds that speculators have already acquired the land he wants in Cherokee County.

Investor Land Discovery Charlie Croker finds that speculators have already acquired the land he wants in Cherokee County. The site is far more expensive than he expected. Ambition Instead of retreating, he pursues a vast mixed-use development. The decision begins a project whose cost and scale exceed the assumptions that first attracted him.

The Financing Boom The Financing Boom from "A Man in Full". The Financing Boom Expansion Croker Global secures enormous loans from PlannersBanc and other lenders.

The Financing Boom from "A Man in Full". The Financing Boom Expansion Croker Global secures enormous loans from PlannersBanc and other lenders.

The Financing Boom Expansion Croker Global secures enormous loans from PlannersBanc and other lenders. The boom encourages both the developer and the bank to treat large loans as sales. Risk Croker personally guarantees a substantial portion of the debt, violating his usual nonrecourse principle. The financing that builds the tower also gives creditors leverage over him.

The Empty Tower The Empty Tower from "A Man in Full". The Empty Tower Underperformance The development opens far from the growing edge cities it was meant to anticipate.

The Empty Tower from "A Man in Full". The Empty Tower Underperformance The development opens far from the growing edge cities it was meant to anticipate.

The Empty Tower Underperformance The development opens far from the growing edge cities it was meant to anticipate. Much of its office space remains vacant, and the expensive Cosmos Club fails to attract sufficient customers. Exposure A landmark designed to advertise Croker’s genius becomes a costly, conspicuous liability with inadequate cash flow.

Peepgass’s Syndicate Peepgass’s Syndicate from "A Man in Full". Peepgass’s Syndicate Scheme Raymond Peepgass proposes acquiring Croker Concourse through a Bahamas-based company and a private syndicate, hoping to buy the…

Peepgass’s Syndicate from "A Man in Full". Peepgass’s Syndicate Scheme Raymond Peepgass proposes acquiring Croker Concourse through a Bahamas-based company and a private syndicate, hoping to buy the…

Peepgass’s Syndicate Scheme Raymond Peepgass proposes acquiring Croker Concourse through a Bahamas-based company and a private syndicate, hoping to buy the property for a fraction of its cost. Conflict He secretly recruits potential investors while still working at the bank. His plan promises personal wealth but depends on exploiting PlannersBanc’s own distressed asset.

The Auction Price The Auction Price from "A Man in Full". The Auction Price Sale PlannersBanc and its creditors take control after Charlie Croker relinquishes his properties.

The Auction Price from "A Man in Full". The Auction Price Sale PlannersBanc and its creditors take control after Charlie Croker relinquishes his properties.

The Auction Price Sale PlannersBanc and its creditors take control after Charlie Croker relinquishes his properties. Competition among buyers pushes Croker Concourse’s price far above Peepgass’s secret target. Outcome The syndicate’s hoped-for bargain disappears. Peepgass’s private ambitions remain entangled with the scandal and with his new relationship with Martha.

Before construction begins

During the late development boom

After Croker Concourse opens

After the bank seizes the Gulfstream Five

After Charlie Croker surrenders the deeds