On February 25, 1925 — John McGraw arrives in Florida and is installed as president of a real estate development near Bradenton called Pennant Park. With streets named for early New York Giants heroes, and lots offered for $2,500 to $5,000, McGraw hires a fleet of salesmen and heads north. New York newspapers run a series of full-page ads featuring a picture of John McGraw with the bold caption “You’ve followed me, now follow me in real estate.” A year later, the boom will go bust, washed away by two hurricanes. McGraw will incur a loss of $100,000 after paying off close friends, players, and other investors, and will be hounded by creditors.

 

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