Particle.news
Download on the App Store

50 Cent Finalizes $124 Million Shreveport Studio Plan, Secures Up to $50 Million in Performance-Based State Support

State support is tied to strict oversight and measurable production and job targets.

Overview

  • G-Unit Film & Television signed a cooperative endeavor agreement committing $124 million to redevelop downtown Shreveport, with Louisiana Economic Development offering up to $50 million reimbursed on performance.
  • The plan renovates Stageworks for live events and production, modernizes the former Millennium Studios campus, and adds a dome-style immersive venue and park in the city center.
  • Louisiana created the Shreveport Film & Entertainment Economic Development Corporation to oversee state funds, with a board that includes LED Secretary Susan Bourgeois and gubernatorial and legislative appointees.
  • Performance benchmarks include escalating production requirements over five years, from at least two projects totaling $5 million in year one to eight projects totaling $25 million by year five.
  • Phased construction is slated to begin in Q2 2026 with the Millennium campus targeted to open by early 2027, and a zoning variance for the planned G-Dome is headed to the city’s Zoning Board of Appeals for review.