If his deal goes through, Perry will own about 368 acres there. The entertainment district will be open to the public and not connected to the adjoining Tyler Perry Studios, his namesake film production facility. It will include a “theatre district, retail, restaurants and plenty of employment opportunities,” according to a news release.
Jakes, who had been in talks since at least March about purchasing property, said in a news release he wants to develop “real estate and programs in response to the growing, nationwide need for affordable, attainable, and workforce housing.” He did not provide details.