Behind the Stone Balloon
Part 1 of 2 Part Series: The Balloon Rises
Published: Tuesday, November 21, 2006
Updated: Sunday, July 19, 2009 05:07
He avoids details in his book, but after a turbulent court case, Stevenson walked away only paying Jacobs less than half what we she had wanted, not including the half-ownership she sought of the bar. Within months she was married to Biden.
These scandals, plus the implementation of sobriety checks, increasing the drinking age, competition with other bars, disco and the effect MTV had on the music world by making live music less popular, would wear on The Balloon and Stevenson. It was the beginning of the bar's decline after its peak in the early '80s, when it was making over $2 million a year.