Pete Davidson's Ferry Buy Put Him 'In the Hole,' Needs Return on Investment

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Pete Davidson says he and Colin Jost are aiming to turn a profit after sinking $280,000 into a Staten Island ferry.

Take a listen for yourself ... Pete acknowledges what he's said about going in on this ferry in the first place -- namely, that he and CJ were both stoned out of their minds when they decided to do it.

Before long, the purchase became reality ... and Pete says Colin called him up one day to talk business -- and to collect on his end of the bargain. PD says he was sent a link to wire over a deposit ... and suddenly, he was straddled with a massive ferry with no real plan. Not to worry, though ... Pete and Colin have apparently devised a business model for their ferry that they're hoping to manifest -- including turning it into a one-stop shop entertainment hub ... complete with a concert venue, a movie theater, a restaurant and hotel rooms too.

Pete even says he and Colin have commissioned computer-generated mockups of all this ... and says it's well underway, although it's still years in the making. Like, 5 years specifically.

 

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