Feb 18, 2010, 4:20 PM EST
Mo Vaughn used to spend his offseasons here in Columbus, Ohio. Our paths crossed in a very, very vague way about seven or eight years ago as one of his investments — a bar he opened called “Flo Nitelife” — crashed and burned almost as soon as it opened. I represented a creditor, there ended up being no money in the joint anyway, and everyone decided that there was no sense in everyone suing everyone else.
I took two things away from that experience: (1) the certainty that one should never, ever go into the bar business unless one is in tight with both the booze distributors and the code enforcers, because you’re roadkill if you’re not; and (2) the feeling that, while Mo Vaughn may not have been the best bar owner on the planet, he was a pretty nice guy. I mean even my client who was left holding the bag on some fixtures that weren’t paid for swore that Vaughn was a great dude. Stuff just happens, ya know?
All of which makes me happy to see that Vaughn appears to have turned his business fortunes around, this time in New York:
These days he’s got it–not as the American League’s former MVP but as
the managing director of one of the city’s best-regarded and most
active buyers and managers of affordable housing. Along the way, Mr.
Vaughn and company have earned a place as one of the city’s top choices
for turning around distressed residential properties.
Vaughn may not have panned out as the Mets’ first baseman, but he’s doing much better in the Big Apple his second time around.
- THE YEAR IN REVIEW: HBT’s most commented-upon stories of the year 64
- The Yankees are treating Alex Rodriguez differently than they treated Derek Jeter. So what? 32
- Braves sign setup man Jason Grilli to two-year contract 13
- My Imaginary Hall of Fame Ballot 119
- Phil Hughes signs a three-year extension with the Twins 27
- The Padres have talked to the Phillies about Cole Hamels 23
- Why is John Smoltz a shoo-in for the Hall of Fame? 63
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” 85
- Bud Selig will get a $6 million a year pension. Which is obscene. (145)
- My Imaginary Hall of Fame Ballot (119)
- Today’s specious anti-Mike Piazza-for-the-Hall-Fame argument (93)
- St. Petersburg City Council votes down deal to allow Rays to look for new stadium site (90)
- Phillies GM told Ryan Howard they’d be better off “not with him but without him” (85)