 |
| Above, the front of Graceland mansion. Photo by Armand Vaquer. |
Elvis Presley Enterprises is seeking a $20 million bond approval for funds for expansion of museum space and other improvements.
According to the Commercial Appeal:
Operators of the Elvis Presley home and related attractions will seek approval of a $20 million bond issue for more museum space and other improvements.
Elvis Presley Enterprises is applying for an issue of taxable revenue bonds by the Economic Development Growth Engine of Memphis and Shelby County.
The application, scheduled to be considered Wednesday, says the financing would pay for “additional museum, food and beverage and retail opportunities.” Not mentioned is a controversial performance venue that led to a lawsuit by Graceland last year.
A statement from Graceland said, “Various opportunities are being considered for expansion of Elvis Presley’s Memphis entertainment and exhibit complex, all to enhance the visitor experience and create more employment and improvement in Whitehaven. This is not related to the pending performance/event venue.”
Graceland’s operators put expansion plans on hold last fall and filed suit in Shelby County Chancery Court challenging a non-compete agreement between the city and Memphis Grizzlies. That lawsuit was dismissed Thursday by Chancellor Jim Kyle.
To read more, go here.
No comments:
Post a Comment