50 Cent’s plans to further his entertainment endeavors in Shreveport, La., will continue after gaining approval to develop the downtown area of the city from the Shreveport City Council. According to local news outlet KTBS, construction is expected to begin as early as the fourth quarter of this year, or the first quarter of next.
Before the affirmative vote, District A Councilwoman Tabatha Taylor noted, “I think we need to note for the record this is one of the largest economic development deals in this city, in this region, that we’re having.”
The outlet reported that the rapper is investing $50 million from his own pocket, and that the proposed Film and Entertainment Gateway Economic Development District would levy a 2% sales tax inside its boundaries, with all revenue flowing into a dedicated trust fund for redevelopment projects, with rules set for how money could be spent.
“Positive vibes all roads lead to SHREVEPORT art,entertainment, music film&Television,” exclaimed the 50-year-old when sharing the news on Instagram. “let’s work!”
The “Many Men” performer first launched the G-Unit film and television studio in Shreveport back in December 2024, leasing the Millennium Studio.
“We already know that 50 Cent is a mighty mogul in the entertainment business,” Councilwoman Tabatha Taylor said at the time. “But, the residual affects for local businesses here is what’s going to be felt. We have rebranded Shreveport in the entertainment industry, and now we are considering ourselves back again as an entertainment mecca.”
According to Complex, in March of this year, the Shreveport City Council unanimously voted in favor of a 30-year lease agreement between Stageworks Louisiana and the Hip-Hop mogul’s entertainment company.
“I didn’t even know I had to speak,” 50 shared of the news. “Somebody set me up. … This is exciting, man. I’m really just excited to be able to be here today. It’s important. This project is a legacy project for me. I don’t think I’ve done anything that directly affected as many people as this project will here in Shreveport, and I’m just excited to get to it.”
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