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Louisiana Finalizes Public-Private Deal for 50 Cent’s $124 Million Shreveport Redevelopment

State support of up to $50 million will be released only as performance benchmarks are met.

Overview

  • The agreement creates the Shreveport Film & Entertainment Economic Development Corporation to oversee funds and delivery, with LED Secretary Susan Bourgeois and governor and legislative appointees on the board.
  • G-Unit will renovate Stageworks, modernize the former Millennium Studios campus, and build a dome-style immersive venue with a green-space park in downtown Shreveport.
  • Louisiana Economic Development entered a Cooperative Endeavor Agreement offering performance-based infrastructure funding of up to $50 million tied to job creation, local-business engagement, and infrastructure delivery.
  • An economic impact study commissioned by G-Unit projects $18.8 billion in activity over 20 years, more than 6,000 jobs statewide, and $300 million in wages.
  • Phased construction is slated to begin in the second quarter of 2026, with the updated Millennium Studios campus targeted to be operational by early 2027.