T.I. To Celebrate New Year's Eve With New Mixtape

'New year, new money. That's that,' Tip tells MTV News.

T.I. has a lot to celebrate this New Year's Eve. This time last year, the King of the South was locked up, serving an 11-month sentence for a probation violation, but since his September release Tip has been on a tear, dropping a ton of new music and landing a reality show with his wife, Tiny, on VH1.

Tip has some big plans for ringing in the new year, even though he tries to downplay things. "For New Year's I'm gonna be waitin' on F--- da City Up to drop. We got a party poppin' off down here in Atlanta, 200 Peachtree. We gonna turn up and it's basically that," he told MTV News nonchalantly. "Between the party and the mixtape, that's all I got going. New year, new money. That's that."

Tip has been dropping viral teasers for F--- da City Up for about a week; the latest one, which dropped on Tuesday, shows T.I. in the studio with Dr. Dre.

"Dre was here. He sent for me, and of course I answered. We really just turned up more than anything else. It was about creating chemistry," T.I. told MTV News while in Atlanta preparing for the release of the tape.

On New Year's Eve, T.I. and his Grand Hustle fam will host a party in the Grand Atrium at

target="_blank">200 Peachtree in downtown Atlanta from 9 p.m. ET to 3:00 a.m. Sounds like fun.

For those who want to snuggle up on their couch and avoid all the partying madness, MTV has your back. This year Demi Lovato, Mac Miller, Selena Gomez, J. Cole, Jason Derulo and more will be on hand for "NYE in NYC 2012," which will air live at 11 p.m. ET on Saturday (December 31) from Times Square, where the famous ball drops on, you guessed it, MTV.