00:23:56 · Jordi Hays, John Coogan
[00:23:56] S0: Still at frontier. [00:23:57] S1: It's still at the frontier. It was super intelligent at at jeopardy. The global Urbex, which is short for urban exploration phenomenon, Urbex isn't new, but it's been turbocharged by artsy videos on Instagram and TikTok that spur others to create their own posts, luring more curiosity seekers. Police in Livingston, New Jersey recently warned people to stay out of the closed Livingston Mall property, Jacksonville Beach, Florida. Police issued a similar caution in April about the shuttered adventure landing amusement park, going into an abandoned amusement park. That is thrill seeking at its best. We are aware of a TikTok challenge to explore the property. Who's doing these TikTok challenges? And should they should they be allowed to post those? This is this is dangerous for some people. I mean, seriously, you go in there, there's lot of broken glass and and, you know, who knows about the structural integrity of a building that hasn't been inhabited in years or decades? Could be very risky. [00:24:54] S0: Is it on the market? [00:24:56] S1: Well, we have some news about that. I don't know if it's actually on the market, but I imagine if you make them an offer they can't refuse, this property could be yours. So Sebastian Capital, the Manhattan company that manages the 723 acre site, that's a lot of size, says it has beefed up security and appreciates helps from help from police. [00:25:17] S0: So I'm shocked by the YouTube comments [00:25:20] S1: Yes. [00:25:21] S0: That are wholly coming to the defense of this building.
00:25:21 · Jordi Hays, John Coogan, Tucker Brown
[00:25:21] S0: That are wholly coming to the defense of this building. [00:25:24] S1: Saying, I [00:25:25] S0: hate there's a class of people who see something like this and feel compelled to start breaking Why do people vandalize these kinds of places? [00:25:33] S1: Interesting. Can't [00:25:34] S6: believe these are [00:25:34] S0: all the top comments. I can't believe people go in there busting up the place.
00:25:34 · Jordi Hays, John Coogan
[00:25:34] S0: all the top comments. I can't believe people go in there busting up the place. [00:25:37] S1: That's crazy. I I would have sort of expected people to be on the side of the urban explorers, on the side of the TikTok challenge, challengers. Andrew Proto, a defense lawyer, said a 15 clip isn't worth a criminal record. Don't do it. If you've already been arrested, you're not the first call we've taken this month, and you won't be the last. Proto says he has represented or advised several minors arrested on the campus. The Summers Town Town Court court clerk said some defendants received a six month adjournment in contemplation of dismissal, meaning charges will be dropped and their arrest will be sealed if they avoid trouble. Some explorers who have posted about the IBM site say they follow an observe and preserve ethos and reject vandalism. They say they're driven by curiosity, the thrill of roaming forbidden spaces and a zeal to document discoveries and that they're careful and know their limits. Limits, quote, It actually gives me hope when I hear that kids are out there getting into trouble, said Bradley Garrett, a cultural photographer and author of the book, Explore Everything, Place Hacking the City about his own Urbex adventures. He sees urban exploration as a gateway drug in a good way, sometimes into intellectual curiosity about history and culture. So you go, you break into this abandoned building, and then next thing you know, you're an IBM consultant driving enterprise value for S and P 500 companies, traveling, businessman. Could happen. Who knows?
00:25:37 · John Coogan, Jordi Hays
[00:25:37] S1: That's crazy. I I would have sort of expected people to be on the side of the urban explorers, on the side of the TikTok challenge, challengers. Andrew Proto, a defense lawyer, said a 15 clip isn't worth a criminal record. Don't do it. If you've already been arrested, you're not the first call we've taken this month, and you won't be the last. Proto says he has represented or advised several minors arrested on the campus. The Summers Town Town Court court clerk said some defendants received a six month adjournment in contemplation of dismissal, meaning charges will be dropped and their arrest will be sealed if they avoid trouble. Some explorers who have posted about the IBM site say they follow an observe and preserve ethos and reject vandalism. They say they're driven by curiosity, the thrill of roaming forbidden spaces and a zeal to document discoveries and that they're careful and know their limits. Limits, quote, It actually gives me hope when I hear that kids are out there getting into trouble, said Bradley Garrett, a cultural photographer and author of the book, Explore Everything, Place Hacking the City about his own Urbex adventures. He sees urban exploration as a gateway drug in a good way, sometimes into intellectual curiosity about history and culture. So you go, you break into this abandoned building, and then next thing you know, you're an IBM consultant driving enterprise value for S and P 500 companies, traveling, businessman. Could happen. Who knows? [00:27:02] S0: Could happen. Raghav wants to turn it into an Amman.
00:27:02 · Jordi Hays, John Coogan, Will Mayer, Tyler
[00:27:02] S0: Could happen. Raghav wants to turn it into an Amman. [00:27:05] S1: Amman would be good. Data center seems obvious depending on What [00:27:10] S0: about the first Amman with the data center? With some local AI? [00:27:15] S1: Both. So quickly, you asked about the price. In 2016, IBM sold the property for $31,750,000 and it's owned by a LLC that shares a 5th Avenue address with Sebastian Capital, everyone suspects Sebastian's. And on the deal, a plan to convert it to a private school foundered during COVID, and Sebastian said it is Foundered? Considered Yeah. Foundering is, like, failing, but, yes, foundered. So floundered would be, you know, another appropriate term for what happened, but it did not it was not successfully converted into a private school, obviously. But if you if you want to take a wild swing, go pick it up, make Sebastian Capital an offer. Let's see. I wonder what it would trade for today. Lots of work to be done. Car [00:28:05] S0: and driver. [00:28:07] S1: Quickly. Tyler had something on the IBM complex. [00:28:09] S7: Yeah. So okay. [00:28:10] S1: You planning to go? [00:28:11] S5: 1,100,000 square feet. Okay. Historically, you'd see, like, I think something like around 10 watts per square feet. [00:28:17] S1: Okay. [00:28:18] S5: Maybe it's a little bit higher tech, This is IBM Okay. Eighties. An estimate, I think, is reasonable is around 20 megawatts. [00:28:26] S1: 20 megawatts. [00:28:27] S5: Yeah. So you're looking at a small data center.
00:28:27 · Tyler, John Coogan, Jordi Hays
[00:28:27] S5: Yeah. So you're looking at a small data center. [00:28:30] S1: Is there any natural gas in Can the we frac? Can we put solar panels on the roof? Can we build a nuclear reactor there? What are our options if we wanna get this thing churning out tokens? We're turn it into a token machine. Interesting. We should go check it out. Anyway, let's move on to the New York Stock Exchange. Wanna change the world? Raise capital at the New York Stock Exchange. Just do it. And Jordy [00:28:55] S0: Car and Driver says 2026 Lucid Gravity available with no interest due to no interest. What? Several months after launching the 2027 Gravity, Lucid still has plenty of 2026 models, so it's offering customers an interest free loan incentive.