Mo Vaughn: real estate tycoon

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Vaughn Mets.jpgMo 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.