Earlier this week, I received a tip from a confidential informant that rap mogul Jay Z, 41, was in town dining at that very moment at Atlanta’s popular Busy Bee soul food restaurant with Mayor Kasim Reed.

It seems that Atlanta is on a short list of cities being considered by Jay Z for his franchise 40/40 sports bars. But everyone who does business in the city of Atlanta knows that they must wine and dine Kasim Reed, who seems to do nothing other than get wined and dined by wealthy businessmen looking to extradite their paperwork.

I’m sure Jay Z, pictured above with Reed and rapper Jeezy, knows the rules by now.

According to the AJC blog, The Buzz, the original 40/40 Club in Manhattan (owned by Jay-Z and partners Juan and Desiree Perez) is scheduled to be shuttered for “renovations” soon.