50 Cent Buys 20 Properties In Shreveport For $50 Million "Economic District" Project

50 Cent dropped $50 million into real estate and entertainment infrastructure in Shreveport, Louisiana, aiming to turn the city into a Southern media powerhouse.

The Hip-Hop mogul has quietly acquired 20 properties across the city as part of his "50 Cent Economic District" initiative, a sweeping plan to revitalize Shreveport's downtown and create a production hub for his G-Unit Films & Television Louisiana LLC.




50 Cent's team confirmed that the purchases include a $1.02 million multi-lot property at 301 Spring Street, a $150,000 building at 401 Spring Street, and a vacant parcel for $76,872, which now houses a temporary dome with permanent plans.




50 Cent locked in a 30-year lease for the city-owned Stageworks Louisiana facility, a former soundstage, for just $200 a month. The deal, approved by the Shreveport City Council on March 25, 2025, gives the rapper's company full control of the space to produce television shows, films and other content.




"In the short period of time, I've come to like the people of Shreveport differently," he said during a ceremony where Mayor Tom Arceneaux presented him with a key to the city. "It feels like home for me, and eventually it'll be home because I have some work to do."




According to Gerod Durden, CEO of the Durden Property Group and 50's real estate partner, the Queens native is now the largest private landowner in Shreveport. "We're in the range of 20 properties. We've secured some properties this week," Durden told KTAL.




50 Cent confirmed the expansion on Instagram, writing, "I'm working on it people give me a minute. All roads lead to SHREVEPORT."

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50 Cent Vows To "Overdeliver" In Shreveport

The timing of his investment is notable. Shreveport was recently ranked the fifth most "needy" city in the U.S. by a 2024 Wallethub study, citing high unemployment and a crime rate more than twice the national average. But 50 Cent sees potential where others see decline.




His plan includes a proposed two percent sales tax in the Red River District and parts of Texas Street to help fund the redevelopment. Mayor Arceneaux estimates the initiative will generate at least $1 million in capital investment and create 10 new jobs.




The rapper's G-Unit team is already mapping out several projects for 2026, including two reality shows, one scripted series and a possible feature film. He also emphasized hiring locally to ensure Shreveport residents benefit directly from the venture.




"I promise you, I'll overdeliver with Shreveport," 50 Cent told the City Council. "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."




Beyond film and television, 50 Cent's strategy includes drawing government support to further boost the region. Orville Hall, a growth advisor for G-Unit, said 50 Cent's involvement is being used as leverage to attract additional public funding.




"What 50 is really doing is he is graciously let me, the city, the mayor, and the city council use him as leverage to say to the state, 'He started [investing] - would you contribute to Shreveport, to north Louisiana,'" Hall said.











































via: https://allhiphop.com/news/50-cent-buys-20-properties-shreveport-50-million-economic-district-project/