City of Shreveport announces proposed collaboration with 50 Cent on Millennium Studios
SHREVEPORT, La. (KSLA) - The City of Shreveport announced its proposed collaboration with G-Unit, a company affiliated with Curtis “50 Cent” Jackson, on Monday, Nov. 20.
Discussions began earlier this year between Mayor Tom Arceneaux and Jackson on revitalizing Millennium Studios. Shreveport City Council members agreed Nov. 14 to introduce legislation authorizing the lease of the studio to Jackson’s G-Unit Film & Television Louisiana LLC.
G-Unit wants to use the city-owned property to operate a production studio.
“This partnership with G-Unit is a game changer for Shreveport. It not only breathes new life into a previously underutilized asset but also positions our city as a major player in the film and video production industry. This is a win-win situation that will create jobs, stimulate economic growth and showcase Shreveport’s potential on a global stage,” Arceneaux said.
The agreement would be a 30-year lease with an option for a 15-year extension for the facility. There is a provision in the agreement for early termination if the City identifies a public use for the studios or if G-Unit fails to utilize the facility for video/film production for 180 days. G-Unit would also assume virtually all maintenance responsibilities.
According to the City, this partnership is projected to save $160,000 to $170,000 in funds that can be redirected to other public services. The revitalization of the studios is expected to bring in jobs and attract talent to the area.
City council members might adopt the ordinance Dec. 12.
STAY UP TO DATE WITH THE LATEST NEWS >>>
Copyright 2023 KSLA. All rights reserved.
