Jay-Z's Luxury Building Plans Fall on Jammed Ears

By: Going Like Sixty - Jan 1, 2009
References: nytimes
Jay-Z is a Donald Trump wannabe, but the credit crisis has killed his plans for a deluxe apartment in the sky for his lady love, Beyoncé Knowles.

Before the recession, Jay-Z had also worked with a developer who had envisioned a wonderful area constructed around a former warehouse. He wanted to include a five star hotel and boutiques and spas and restaurants that would be branded as ‘J Hotels.’

Alas, poor Jay-Z, if you can’t fund it yourself, the banks aren’t interested, and the whole project is kaput.