IN a darkly comic bit of foreshadowing, Pete Davidson and Colin Jost officially named their troubled ferry company after the most infamous maritime disaster in American history, The U.S. Sun has learned.
The U.S. Sun exclusively obtained Pete, 30, and Colin’s ferry company’s articles of organization, which were filed two years before the longtime Saturday Night Live friends alleged feud and fallout.
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The document, which was filed on January 24, 2022, five days after they won it in an auction, lays out the basics of the business for which the decommissioned Staten Island Ferry was purchased.
Officially incorporated as Titanic 2 LLC, the company is based in New York, and the document lists accounting firm Weygandt, Nesarajah & Company as the LLC’s agent for which any process against Colin and Pete’s company may be served.
The document also clarifies that “one or more members” of Titanic 2 can manage the company.
The comedians really and truly named their business venture after the 1912 Titanic tragedy, which killed around 1500 people when the massive ocean liner crashed into an iceberg and sank to the bottom of the Atlantic.
Soon after their purchase, the comedians’ investment came under fire when the ferry’s former captain revealed darker and more problematic aspects of the vessel.
Ferry Captain Kevin Hennessy, who retired in 2021, told the New York Daily News that the boat was built around the time that asbestos was used in many building materials.
He explained that the asbestos is mostly harmless – until you grind it or drill into it.
On top of the vessel teeming with toxic building chemicals, the captain also claimed the ship had a major cockroach problem, and that they were specifically attracted to compartments beneath the seats where life jackets are stored.
Beyond the major renovations, and possible exterminations the ship would need, it could be years before the boat is up to code to safely accommodate people.
In an interview with The U.S. Sun, Cortney Worrall, president and CEO of the Waterfront Alliance explained with all the red tape they’ll face, it could easily be five years before the floating venue is fully operational.
They are in partnership with comedy club owner Paul Italia and architect Ron Castellano, with the boat being reimagined as an entertainment venue, and possibly as a floating hotel.
Now, with the pals’ decade-long friendship said to be over, was naming their business venture after the Titanic a prophecy of things to come?
THE FALL OUT
One source had previously told The U.S. Sun last month that Pete and Colin have not only stopped speaking but that things have gotten so bad between pals turned business partners that the Weekend Update host now refuses to even be at 30 Rock, where Saturday Night Live is taped if the younger comedian is there.
Pete Davidson’s Rehab Stints
Pete first checked into rehab in 2017 as he was diagnosed with BPD and PTSD.
In 2019, he went to the Sierra Tucson Treatment Center in Arizona.
The comedian underwent treatment at another mental health facility in June 2023.
Most recently, he checked back into rehab at the end of July 2024.
A source revealed that Pete had left the facility after only a few weeks.
The insider said that Colin, 42, “can’t be in the same building, let alone be in the same room, as Pete,” after “something big” allegedly happened.
The insider said that “Colin doesn’t want to be associated with Pete.”
The situation has also caught the attention of execs at Saturday Night Live, according to the insider, who claimed Pete won’t be invited back on the show anytime soon.
A rep for the show denied this claim to The U.S. Sun.
Pete was on the show from 2014 to 2022 and was invited back as a host in 2023.
The two met a decade ago when Pete joined the SNL cast and the pair formed a bond over their Staten Island roots.
Things, however, have taken a turn with the insider claiming that “Colin doesn’t want to be associated with Pete.”
While it’s unclear exactly how the rift might be impacting the business, the vessel finally saw its first official use when Tommy Hilfiger hosted their New York Fashion Week show aboard it.
While Pete was not in attendance for the ship’s maiden fete, it was Colin however who appeared at the NYFW show on September 8.
Despite the feud, a source close to the ferry deal said that everything has remained afloat and that the vision for the ship has not sunk, despite an alleged rift.
An insider close to the ferry business venture downplayed rumors of a rift.
“They’re both very busy, and don’t talk as much as they used to,” they said, adding that people simply move on.
Despite the claims of a comedian clash, the business insider said that the idea for a proposed restructuring from a decommissioned ferry to an entertainment venue remains afloat.
“Where it ends up all depends on what kind of deal they can get with the City of New York,” adding that since the partners are all from the city, they hope to keep the business there.
Meanwhile, the insider close to the business added that they are in the process of raising money for projects, but would not elaborate further.
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