Atlantic City's 40/40 Club, co-owned by 'Suit & Tie' rapper Jay Z, has closed down. The night-time venue, which opened in 2005, has been closed since last October, when super-storm Sandy ripped through the state.
The $4 million (£2.5 million) bar was flooded and suffered heaps of damage to its roof, so the '99 Problems' hitmaker, who also owns two clubs in New York, has decided not to renew its lease.
Club spokesman Ron Berkowitz told newspaper, The Press of Atlantic City, the club hasn't been open since Super-storm Sandy flooded it. He said, “There was a big hole in the roof as well... With the end of the lease and with Sandy, we decided we had a great run, and it was time to move on."
The place has hosted lots of A-list stars including Jay Z's wifey Beyonce, 'Avatar' actress Zoe Saldana, rapper Lil' Wayne and current American Idol judge Nicki Minaj, in addition to numerous sports celebrities.
Jay Z and Beyonce both used to visit the club (HRC/WENN)
A spokesman for Tanger Outlets says it is seeking a new tenant for the prime space.
According to reports, Jay Z opened the New York City flagship 40/40 Club in 2003. The place underwent an expensive renovation, and was momentarily closed shortly after its relaunch due to food safety violations.