<\/p>\n
50 Cent\u2019s plans to further his entertainment endeavors<\/a> 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, <\/a>construction is expected to begin as early as the fourth quarter of this year, or the first quarter of next.<\/p>\n Before the affirmative vote, District A Councilwoman Tabatha Taylor\u00a0noted, \u201cI 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\u2019re having.\u201d<\/p>\n 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.<\/p>\n \u201cPositive vibes all roads lead to SHREVEPORT art,entertainment, music film&Television,\u201d exclaimed the 50-year-old when sharing the news on Instagram. \u201clet\u2019s work!\u201d<\/p>\n The \u201cMany Men\u201d performer first launched<\/a> the G-Unit<\/a>\u00a0film and television studio<\/a> in Shreveport back in December 2024, leasing the Millennium Studio.<\/p>\n \u201cWe already know that 50 Cent is a mighty mogul in the entertainment business,\u201d Councilwoman Tabatha Taylor said at the time. \u201cBut, the residual affects for local businesses here is what\u2019s going to be felt. We have rebranded Shreveport in the entertainment industry, and now we are considering ourselves back again as an entertainment mecca.\u201d<\/p>\n According to Complex<\/a>,<\/em> 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\u2019s entertainment company.<\/p>\n \u201cI didn\u2019t even know I had to speak,\u201d 50 shared of the news.\u00a0 \u201cSomebody set me up. \u2026 This is exciting, man. I\u2019m really just excited to be able to be here today. It\u2019s important. This project is a legacy project for me. I don\u2019t think I\u2019ve done anything that directly affected as many people as this project will here in Shreveport, and I\u2019m just excited to get to it.\u201d<\/p>\n More from VIBE.com<\/strong><\/p>\n Sign up for Vibe’s Newsletter<\/a>. For the latest news, follow us on Facebook<\/a>, Twitter<\/a>, and Instagram<\/a>.<\/p>\n<\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" 50 Cent\u2019s 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. 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