Shreveport City Council Approves Long-Term Lease for Stageworks

Shreveport City Council Approves 30-Year Lease for Stageworks with 50 Cent’s G-Unit Films & Television

The Shreveport City Council has unanimously approved a significant 30-year lease for Stageworks to 50 Cent’s G-Unit Films & Television Louisiana LLC. The decision was made during a council meeting on March 25, 2025, a notable moment that marks a new era for both the venue and the city.

Under the new agreement, G-Unit will pay a modest monthly rent of $200 for the venue, which has remained unused for approximately 20 years. In addition to paying rent, G-Unit is also responsible for all maintenance and operational costs associated with Stageworks. This shift is aimed at reviving a facility that has sat dormant, with previous maintenance costs around $60,000 annually.

The council’s decision follows extensive discussions around the lease, which began in May 2024. These discussions were prolonged due to ongoing negotiations between the city and G-Unit. The contract also includes a renewal option for an additional 15 years, allowing for long-term planning and investment into the venue.

Plans for the Venue

Transforming Stageworks into a state-of-the-art sports and entertainment facility is at the forefront of G-Unit’s plans. The venue is set to host a wide array of events, including amateur and professional basketball, volleyball leagues, boxing and MMA matches, seminars, conventions, auto shows, concerts, and business meetings. This versatility is expected to enhance community engagement and attract visitors to Shreveport.

During the announcement, 50 Cent expressed enthusiasm about his new connection with the community and reaffirmed his commitment to the project. He mentioned ongoing discussions with local council members about further development opportunities in the area. The initiative has sparked anticipation among local leaders who see G-Unit’s investment as a catalyst for economic growth and revitalization of the region.

Addressing Concerns and Future Outlook

Some council members voiced concerns regarding the low rent costs associated with the lease. However, the decision comes after careful consideration of the potential economic impact the project could yield for the city. Economic development remains a key focus, as the enhanced venue is expected to attract film crews and actors to Shreveport, thus invigorating the local economy.

Following the council’s vote, 50 Cent affectionately referred to Shreveport as a “home away from home” and suggested intentions to relocate there for work as the project develops. He assured city officials, particularly Councilman Jim Taliaferro, that he plans to “over deliver” on this exciting venture.

Conclusion

This lease agreement with 50 Cent’s G-Unit Films & Television marks a transformational moment for Stageworks and Shreveport. By revitalizing a long-vacant venue, the city aims to leverage cultural and economic opportunities that come with increased entertainment options. As plans unfold, community members remain hopeful about what this partnership will bring in terms of engagement, development, and economic benefit.