50 Cent’s Surprising Message To His Haters In Shreveport
50 Cent says he may pull back from the Red River District after accusing some people in Shreveport of standing in the way of progress.
50 is frustrated.
For the better part of two years, 50 Cent has been one of Shreveport’s loudest champions. He’s bought buildings, announced television productions, pitched ambitious entertainment venues and convinced many that the city could become an unexpected hub for film, music and nightlife. Now, one of the biggest pieces of that vision appears to be on very shaky ground.
The rapper and entrepreneur has publicly suggested he may step away from his proposed Red River District redevelopment in a major way. This is how negotiations get.
“There are people in Shreveport that just don’t want things to get better. I only make deals that make sense I’m gonna have to pull back on The Red River!
peace,” 50 wrote on Instagram.
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The post is a strong statement, one of the strongest he’s ever made.
The Red River District has long been viewed as a cornerstone of his broader plan to help revitalize downtown Shreveport. His company has been working toward taking over management of the city-owned entertainment district located beneath the Texas Street Bridge. This struggling riverfront can be so dope with 50 at the helm – a destination for dining, nightlife, retail and live entertainment. They already revealed G##### Daq2Go, a pop up daiquiri venue.
But the project has encountered significant obstacles.
Negotiations reportedly slowed after inspections found that several city owned buildings required extensive structural repairs. Jackson’s G-Unit team wants that to happen before they move on.
Here is what the AllHipHop news department has said:
His larger vision for Shreveport is estimated at approximately $124 million, supported in part by a reported $50 million investment from the State of Louisiana. At the center of that plan is G-Unit Studios, the production campus built around the former Millennium Studios property at 300 Douglas Street. The studio is expected to serve as home base for Jackson’s growing slate of film and television projects, including “Put Me On 50” and “Flip This City.”
Additional developments include the planned G-Dome, a 30,000 square foot immersive venue designed for concerts and live events, along with G-Stage and expanded Stageworks facilities intended to support production, performances and community programming. Jackson has also invested in multiple downtown properties as part of a long term strategy that includes restaurants, office space and residential redevelopment.
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50 is not abandoning Shreveport altogether – yet. Red River negotiations seems to be the issue.
For now, G-Unit Studios and 50’s downtown investments continue moving forward. The Red River District, however, has become the first major crack in this very ambitious redevelopment projects. Stand by.
