Curtis “50 Cent” Jackson’s growing real estate portfolio in Shreveport, Louisiana, is facing resistance from a state lawmaker urging city leaders to exercise greater caution when selling or leasing city-owned property.
The hip-hop mogul responded to a recent news article that revealed Louisiana state Sen. Sam Jenkins Jr.’s concerns about him buying more property in Downtown Shreveport after he bought three new properties last week.
“Sam Jenkins must not want things to turn around in Shreveport,” 50 Cent captioned an Instagram post. “Who would not do a deal to wait for a imaginary deal to come ? Or maybe he lacks faith in me. What do you think?”
Jenkins is expressing serious concerns about an excessive concentration of city assets being controlled by a single entity, particularly 50 Cent and his expanding G-Unit Studio empire. Since May, the rapper has invested over $3.7 million in cash to acquire 10 privately owned buildings and vacant lots in Shreveport, located on Texas Street, Spring Street, and Commerce Street.