Latest news with #Stageworks
Yahoo
26-03-2025
- Entertainment
- Yahoo
50 Cent to sign 30-year deal for G-Unit Studios in Shreveport
SHREVEPORT, La. (KTAL/KMSS)— Curtis '50 Cent' Jackson visited Shreveport to sign a 30-year lease agreement to establish G-Unit Studios. Eleven months ago, Jackson signed a lease agreement with the city. Tonight, he stood in front of the city council to move forward with ordinance 40, authorizing the lease of the Stageworks building. 'This is exciting, I'm just excited to be here today,' said Curtis 50 Cent Jackson. The Shreveport City Council voted unanimously to approve the 30-year lease agreement, which could significantly boost the area's economic and entertainment prospects. 50 Cent's Humor and Harmony festival revives the Red River District 'Curtis 50 cent Jackson was present in the council chambers today to reestablish again his commitment to Shreveport, Louisiana,' said District A City Councilwoman Tabatha Taylor. This was the last leg of the lease agreement with Stageworks, and now that it has been solidified, we can move forward with G-unit's plans for Shreveport, Louisiana. Jackson took the podium during Tuesday's meeting and expressed his excitement for the opportunity. He said this project is special because he plans to over-deliver on his promises. 'The support from this project is a legacy project for me,' said Jackson. All things G-Unit Studios City leaders say this move has the potential to transform the stage works facility into a thriving hub for entertainment and sports, while also bringing jobs to the city. ' It's a building that has sat there for roughly since the movies were on Shreveport and about this time 20 years ago when it went from expo hall to Stage Works,' said District B city councilman Gary Brooks. 'It hasn't been utilized almost at all, so we're looking forward to a bright future with Mr. Jackson.' Jackson is set to sign the lease papers in 10 days. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-03-2025
- Business
- Yahoo
Stageworks lease agreement nears vote; city leaders highlight cost savings
SHREVEPORT, La. (KTAL/KMSS) – After months of delays, the Shreveport City Council appears ready to vote on a proposed lease agreement for the Stageworks facility on Clyde Fant, which city leaders believe will drive economic growth If approved, the 30-year lease agreement will transform the long-vacant Stageworks building into a hub for entertainment. 'The lease is a triple net lease, which means they will bear all the expenses. Those are just the expenses of the facility itself—about $50,000 a year, which G Unit will assume,' said Shreveport Mayor Tom Arcenaux. City officials see potential for events there to attract visitors. More Local News 'There is no downside to this lease; both places simply save us money, and on the other side, it can have a huge economic impact for the city,' said District E councilman Alan Jackson. 'We believe the real purpose of this facility economically is to put heads on beds, to bring people from out of town to use these facilities and create economic development for the city,' said Mayor Arceneaux. Despite the delays caused by changes in Louisiana's film tax credit program, the council is confident in future investments at both properties. The lease also requires collaboration with the Shreveport-Bossier Sports Commission to promote amateur sporting events. The city council will vote on Tuesday. 'This is something that can be terminated by the city if it's not working out, but I believe this is something worthwhile for the city,' said Mayor Arceneaux. 'And so once the council approves this, then Mr. Jackson can go full throttle and bring the G-Unit experience to Shreveport, Louisiana,' said District A Councilwoman Tabatha Taylor. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
