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

Pete Davidson and Colin Jost seemingly bought a ferry together as a joke — but, now one of those new owners says turning a profit on the damn thing is of the utmost importance.

The ‘SNL’ alum dished about the $280k Staten Island boat buy with Seth Meyers on a recent podcast episode — in which he goes into detail about what led up to him partnering with Colin on this in the first place … and where things stand now more than a year after.

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.

When Seth Meyers marvels at how well thought out their ferry future is, Pete quips — “Yeah, we have to cause we’re in the hole.” To what extent, exactly, is unclear … but it seems Pete and co. certainly wanna get a return on investment — because as he says, “Now I’m like stuck with a f****ing boat.”