SHREVEPORT, La. (KSLA) – G-Unit Film & Television Louisiana has now finalized plans to invest more than $124 million in a multi-phase plan to develop three entertainment venues in northwest Louisiana.
According to an economic impact study commissioned by 50 Cent’s G-Unit, the project should generate around $18.8 billion in economic impact and support more than 6,000 jobs in the state over the next 20 years. The project is also expected to generate around $300 million in wages over the same time period.
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“North Louisiana is on the rise, and we’re thrilled to welcome yet another project that sees the strength, talent and potential of this region. Over the past 23 months, my administration has worked to build the most competitive business environment in the country, and this announcement is another clear sign that our momentum is real and that our wins span every corner of the state and every industry,” said Governor Jeff Landry.
The initiative involves three major things:
- Renovation of former Stageworks facility
- Modernization of former Millennium Studios
- Construction of permanent G-Dome in downtown Shreveport
Officials with Louisiana Economic Development (LED) say these improvements will “drive economic growth, tourism, and expand the region’s ability to support film and television production, digital media work, and large-scale entertainment events.”
“This project is the realization of the long-term commitment I have made to the City of Shreveport and the State of Louisiana. By reinvesting in downtown Shreveport and upgrading existing assets to create state-of-the-art entertainment and production facilities, we are creating jobs, inspiring hope, attracting new productions, and giving the entire entertainment industry a reason to build their futures right here. My goal is to turn northwest Louisiana into the premier destination for film, music, and live entertainment on a national scale. All Roads Lead to Shreveport,” said Curtis “50 Cent” Jackson, owner of G-Unit.
“Northwest Louisiana continues to demonstrate its position as a center for creative and economic opportunity. Revitalizing these facilities will generate new entertainment industry opportunities, including motion picture production, new jobs, and new investment across the region, while strengthening the resources available to companies and talent across Louisiana’s entertainment industry,” said LED Secretary Susan Bourgeois.
As part of this partnership, LED has entered into a cooperative endeavor agreement with G-Unit to provide up to $50 million in performance-based funding for eligible infrastructure and modernization improvements at the three project sites.
Also, the Shreveport Film & Entertainment Economic Development Corporation has been established to work with LED to provide oversight and accountability for the project and money provided by the state. Its Board of Directors will be made up by:
- Secretary Susan Bourgeois
- Grant Nuckolls (appointed by governor)
- Kyle Ruckert (appointed by governor)
- Sen. Sam Jenkins (appointed by Senate president)
- Rep. Jack McFarland (appointed by House speaker)
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