Atlantic City’s 40/40 Club Closed Because of Financial ‘Disarray,’ Not Sandy

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Hov, out. Photo: Ben Hider/Getty Images

Here’s more drama in the 40/40 Club's Atlantic City closing: Today, a spokesperson for Tanger Outlets the Walk, which owns the club’s bricks, calls bullshit on claims made by a 40/40 rep who said Hurricane Sandy flooded the space and left a gaping hole in its roof. The Press of Atlantic City reports that the only holes at the shuttered venue are the ones in the story about it’s abrupt closing.

There was indeed damage. Tanger general manager Donna Danielson, says that the club was in “disarray” — to the tune of $4,970 — but it was caused by “operations” prior to Sandy, not the storm itslef. What’s more, 40/40 was in arrears for $115,000 in back rent last year.

Tanger filed a lawsuit against Juan Perez and Desiree Gonzalez, Jay-Z’s partners in the club, whose original lease didn’t expire until 2015. Ultimately they reached an agreement to terminate the lease. Now there’s a new tenant on deck, but no one’s saying who it is or what they have planned for the venue.

Tanger Outlets The Walk has different take on club 40/40's closing [Press of Atlantic City]
Earlier: Atlantic City’s 40/40 Club Closed; Hurricane Sandy Isn’t to Blame