50 Cent still has a handful of shows left on the Final Lap Tour, but he’s already making major moves in the television and film space for when we gets off the road.
On Tuesday, KSLA News reported that city council members in Shreveport, Louisiana have introduced a legislation allowing the Hip Hop mogul to lease Millennium Movie Studio as a base for his entertainment company, G-Unit Film & Television Louisiana, LLC.
“We enjoyed for a period after 2005, we enjoyed a very robust television and film industry in the Shreveport area,” Mayor Tom Arceneaux said. “This will bring back, I think, a lot of those people and will rejuvenate that industry in our area. So I think the film industry is about to blossom again in Shreveport.
“[50 Cent]’s undertaking all of the maintenance and repair, which is around 160 to 170 thousand dollars a year. So to look at just the lease payment is not fair to him. We also anticipate he’s going to make several million dollars of improvements to the facility. This is a very serious proposal, a very serious undertaking by him.”
Should it be approved, the lease will cost Fif $2,400 annually for 30 years, after which he can renew it for 15 more.