News: Jay-Z's Just Lost One, 40/40 Club Shuts Down
Thursday, Mar 7, 2013 10:18PM
Rap mogul Jay-Z has reportedly closed the doors of his Atlantic City 40/40 Club after nearly ten years in business due to reasons related to its lease and property damage.
According to reports, the popular sports bar shut down last fall.
Atlantic City's 40/40 Club, co-owned by hip-hop star Jay Z, has closed. The Press of Atlantic City reported the $4 million club actually shut down in October when its lease expired. Club spokesman Ron Berkowitz told the newspaper the club has not operated since Superstorm Sandy flooded it and tore a hole in the roof, right around when its lease ended. Since it opened in October 2005, the club hosted stars including Beyonce, rapper Lil' Wayne, and rapper and current "American Idol" judge Nicki Minaj, in addition to numerous sports celebrities. (CBS Local)
A statement on its closure has also surfaced online this week.
The $4 million, two-level facility co-owned by hip-hop superstar Jay-Z closed in October, said Cristin Bentz, assistant general manager for Tanger Outlets The Walk. "Our leasing team is actively and diligently working to bring a great new tenant into the space. Stay tuned," Bentz said. (Press of Atlantic)
Leasing and property damage ultimately forced the club to bid farewell to patrons for good.
Ron Berkowitz of Berk Communications in New York, the 40/40's spokesman, said the club's lease ended in October, the same month that Hurricane Sandy hit, causing tremendous water damage inside the club. The club has not been operational since then. "There was a big hole in the roof as well," Berkowitz said Wednesday. "With the end of the lease and with Sandy, we decided we had a great run, and it was time to move on." (Press of Atlantic)
Last year, one of Jay's 40/40 Clubs made headlines after failing a health inspection.
Ron Berkowitz, a rep for the club, tells TMZ the motor in one of the refrigerators blew just moments before the health inspector arrived ... causing the temperature in the fridge to rise. Berkowtiz says the staff identified the problem immediately and had no intention of serving the food from that fridge. Berkowitz says the fridge was fixed by noon the next day and the club was permitted to re-open. He adds ... the club lost no business as a result of the issue and their health code grade is currently pending review. (TMZ)