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12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

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12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby fearless31666 » Dec 29th, '08, 23:11

Even Jay-Z can't escape the recession. The New York Times is reporting that the construction of Jay-Z's "J Hotel" in Manhattan's Chelsea area has been stopped due to lack of funding. Jigga's partner in the hotel Charles Blaichman told the Times "Even the banks who want to give us money can't." Earlier this month we repoted that Jay-Z partnered with Blaichman along with Abram Shnay and Scott Blaichman to launch the "J Hotels" chain.

In related news, Jay-Z will open his new nightclub in Las Vegas tomorrow. The new club located in the Venetian Hotel will become Jigga's second club, after his 40/40 spot opened in New York. Forbes recently reported that Jay-Z made $82 million dollars last year, just $2 million more than his wifey, Beyonce.

Source: http://www.rapbasement.com/jay-z/122908 ... -stop.html
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby Robbie G » Dec 29th, '08, 23:20

I bet he's still doing fine.
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby Emadyville » Dec 30th, '08, 00:10

Shady Babie wrote:I bet he's still doing fine.


Let's hope so
Menzo wrote:Its cuz you're dope and Daddy Dubs. No one fucks with that


I love you Daren
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby James R. » Dec 30th, '08, 01:29

Being worth upwards of half a billion dollars doesn't just go away. The hotel will be complete in a couple years and he'll be even richer than before.
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby Tash8 » Dec 30th, '08, 04:17

Anyone else believe the Rocafella general is trying to follow the footsteps of the John Rockefeller?
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby Tash8 » Dec 30th, '08, 04:33

TruEmFan wrote:^ Does that mean he'll start giving away all his money to the poor and needy people? :flutter:


well once he becomes a billionaire, he better.
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Re: 12/29/08 Recession Hits Jay-Z, Hotel Construction Halted

Postby James R. » Dec 30th, '08, 05:19

TruEmFan wrote:^ Does that mean he'll start giving away all his money to the poor and needy people? :flutter:


Hell no.



TruEmFan wrote:And I didn't even know Jay was building his own hotel. God damn. :shock:

Yeah Jay is the fucking shit. Most people wanna build a house, some people maybe even wanna build a hotel, this crazy asshole wants to have a chain of them. Jay-Z > *
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