Get the latest gossip

Colin Jost Jokes That Buying a Staten Island Ferry Was the 'Dumbest' Purchase He 'Ever Made'

Colin Jost and Pete Davidson bought a decommissioned Staten Island Ferry in 2022 for $280,000 — and he tells PEOPLE that the decision was not very thought-through.

The Saturday Night Live star teamed up with fellow comedian Pete Davidson to purchase the decommissioned ferry for $280,000, according to The New York Times, two years ago, but he tells PEOPLE that for a "conservative" spender, it was not his smartest move. But that's because he and Davidson, as well as their co-investor The Stand comedy club owner Paul Italia, all have full-time jobs on land, he noted, so they're not devoting as much time as he might like to getting the ferry up and running as an entertainment venue, which is one idea the team has for it. Jost also said it's possible that the ferry could still end up functional as a boat — it would just require a staff to run it, and he's not sure that's something he wants to worry about.

Get the Android app