Yesterday, we talked of ridiculous hotels that may never be; today, the Jay-Z hotel that never was is causing the hip hop mogul problems. In 2007, the jigga man borrowed money to open a "J Hotel" on West 21st Street, but when the economy took a nose dive, plans for the hotel were ditched. Now, he's suing the investment firm and the bank on the project for $3.7 million, claiming they're "bleeding" him on loans on the abandoned project.

After the hotel idea went bust, Jay-Z claims that Highland Capital Management "duplicitously stalled" efforts to hand over the deed on the hotel building site in lieu of foreclosure in order to collect tens of thousands of dollars a day in interest and fees. Calling Jay-Z's claims "meritless," Highland says it "will vigorously defend itself" and pursue obligations owed to investors. The investment firm says Jay-Z's loan matured last August and is currently in default. Really, it seems like this whole thing could be settled with a bitchin' benefit concert.