50 Cent’s $50 Million Entertainment District Deal in Shreveport Approved

Shreveport has approved a major redevelopment deal with Curtis “50 Cent” Jackson, who is investing $50 million of his own money to transform the downtown area into a film and entertainment district. The project includes revitalizing Millennium Studios and Stage Works Studio, with construction expected to begin late this year or early next. The plan introduces a new Film and Entertainment Gateway Economic Development District, funded by a 2% sales tax within its boundaries. All revenue will go into a trust fund dedicated to redevelopment. City leaders emphasized that no citywide resources are being risked, and the deal is structured so taxpayers aren’t on the hook if it fails.

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Episode Transcript

Speaker 1 (00:00):
Shreveport has approved a major redevelopment deal with Curtis fifty
cent Jackson, who is investing fifty million dollars of his
own money to transform the downtown area into a film
and entertainment district. The project includes revitalizing Millennium studios in
Stage Work Studio, with construction expected to begin late this

(00:20):
year or early next. The plan introduces a new film
and entertainment gateway economic development district funded by a two
percent sales tax within its boundaries. All revenue will go
into a trust fund dedicated to redevelopment. City leaders emphasized
that no citywide resources are being risked, and the deal

(00:42):
is structured so taxpayers aren't on the hook if it fails.
Community voices have called for the district to be renamed
in honour of Shreveport's cultural history, such as the Sam
Cook Cultural Arts District. Supporters believe the project will boost
economic acativity, create jobs, and attract tourism. Officials say Jackson's

(01:05):
involvement puts Shreveport on the map, combining private investment with
public policy. While some remain cautious given past failed projects,
the city council sees this as one of the largest
economic development opportunities in the region,