Jay-Z's 40/40 Club To Recoup $10M Update Over Two Years

Champagne Tower of Power: The refreshed 40/40 Club's central feature is valued at $1 million (retail).

Jay-Z's 40/40 Club opened in 2003 to much fanfare, garnering callouts on its owner's songs, hosting birthday bashes for basketball players and generally becoming a hub of celebrity carousing in New York.

But for trendy nightspots, fame can be as fleeting as it is for the luminaries who populate them. The 40/40′s star faded over the years, dogged by declining attendance and labor disputes with ...