50 Cent is making significant moves in Shreveport, Louisiana, with the approval of his latest business venture—a state-of-the-art sports and entertainment facility. The announcement comes shortly after he secured a lease for a film and television studio in the city, signaling his growing investment in the area.
During a Shreveport City Council meeting on March 25, officials approved a long-term lease agreement allowing 50 Cent’s G-Unit Films & Television to transform the Stageworks building into a multipurpose venue. The deal includes a 30-year lease, with an option to extend for another 15 years, at just $200 per month. In exchange, 50 Cent’s company will cover all maintenance and operational costs.
The facility is set to host various events, including basketball, volleyball, boxing, MMA fights, concerts, car shows, and conventions. At the council meeting, 50 Cent expressed his excitement about the project, saying, “In the short time I’ve spent here, I’ve developed a deep appreciation for the people of Shreveport. It feels like home, and I’m eager to contribute to its growth.”
He also recalled a conversation with Councilman Alan Jackson, who asked about his plans after attending the Humor & Harmony event. “I believe it’s crucial to engage with the tourism sector and other stakeholders to maximize this opportunity,” the entertainer-turned-mogul added.
Addressing Councilman Jim Taliaferro, 50 Cent promised to deliver outstanding results, stating, “I pledge to exceed your expectations. Our previous event was a testament to the venue’s potential, and I have concrete plans to ensure its year-round utilization.”
To mark the occasion, 50 Cent shared news articles about the project on Instagram with the caption: “All Roads Lead to Shreveport! Stop hating, it’s showtime.”
This venture further cements 50 Cent’s reputation as a savvy businessman, adding to his portfolio of successful entertainment, film, and sports ventures. With Shreveport as his latest focus, the city could soon become a hotspot for major events and economic growth.