Shreveport advances effort to lease its movie studio to 50 Cent’s G-Unit Film & Television
Lease would be for $2,400 a year for 30 years with an option to renew for an additional 15 years
SHREVEPORT, La. (KSLA) — Shreveport City Council members agreed Tuesday, Nov. 14 to introduce legislation authorizing the lease of Millennium Movie Studio to Curtis “50 Cent” Jackson’s G-Unit Film & Television Louisiana, llc.
G-Unit Film & Television Louisiana, llc. wants to use the city-owned property, located at 300 Douglas St., to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries.
”We enjoyed for a period after 2005, we enjoyed a very robust television and film industry in the Shreveport area. This will bring back I think a lot of those people and will rejuvenate that industry in our area. So I think the film industry is about to blossom again in Shreveport,” said Mayor Tom Arceneaux.
The lease includes all furniture, fixtures, and equipment located within the studio.
“He’s undertaking all of the maintenance and repair, which is around 160 to 170 thousand dollars a year. So to look at just the lease payment is not fair to him. We also anticipate he’s going to make several million dollars of improvements to the facility. This is a very serious proposal, a very serious undertaking by him,” said Arceneaux.
If approved as written, the lease would be for $2,400 per year for 30 years, with an option to renew for an additional 15 years.
The ordinance, which can be seen below, will be up for consideration for final passage when the city council meets Dec. 12.
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