50 Cent Expanding Business Empire With Sports & Entertainment Venue In Shreveport
50 Cent is set to expand his already vast business empire with a new sports and entertainment venue in Shreveport, Louisiana.
50, who is already leasing a huge film and TV studio in the city, was given the go-ahead on Tuesday (March 25) for his new venture at a Shreveport City Council meeting.
AD LOADING…
The rapper and businessman will take out a decades-long lease on the Stageworks building, with the plan to turn it into a state-of-the-art sports and entertainment venue.
The venue will undergo a partial renovation so that it can host basketball, volleyball, boxing and MMA events, as well as concerts, car shows and conventions.
50 has been granted a 30-year lease on the building which can be extended by another 15 years, with his G-Unit Films & Television company paying a rent of just $200 per month.
He will also be responsible for all maintenance and operational costs.
After he was granted the lease, 50 said at the meeting: “I just want to say, in the short period of time, I’ve come to like the people of Shreveport in a different way. It feels like home for me, and eventually it’ll be home because I have some work to do.
“I remember [Councilman] Alan [Jackson], the first time I spoke to him after Humor & Harmony, the first thing he said was, ‘Well, what’s next?’ And I was like, ‘I think I need to talk to tourism. I think I need to talk to all of these other people to build it out.’”
He added: “I’m excited about building those things and I want to say openly to [Councilman] Jim [Taliaferro] that — I haven’t had to talk to you directly — I promise you, I’ll over deliver with Shreveport.
“Like you see, it was filled to capacity when we was here for Humor & Harmony. I have programs and plans for the facilities, so you’ll be able to look at the things that are happening throughout the year, and it’ll be actively used in a different way.”
50 Cent also celebrated the decision on Instagram, posting a number of news headlines about the venture and captioning it: “All Roads Lead to shreveport! stop hating its show time.”
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more Like this articles, you can visit our Social Media category.
