Rafael Palmeiro’s Grapevine Real Estate Venture Files For Chapter 11

Poor Rafael Palmeiro.

First, he swears to Congress that he never used steroids in his Major League Baseball career. Then he tests positive for using steroids and is essentially forced out of the game. (He claims the positive test was because of a vitamin supplement).

Though he’s not really a Hall of Famer, he compiled enough of the numbers that old-school baseball writers like that he might have had a shot of being elected to the Hall one day. But in January, in his first year on the ballot, the longtime Texas Ranger and Colleyville resident only received votes from 11 percent of the writers (you need 75 percent to get elected).

Now his business venture – a mixed-used development in Grapevine – has had to file for Chapter 11. I guess the Grapevine-Southlake-Colleyville area doesn’t really have “a need for upscale stores and lodging?”

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