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Elvis Presley Enterprises, Inc.

Summary

Graceland is an internationally recognized, National Historic Landmark, one of America's premier tourist destinations, a major employer in the Whitehaven community, and a key economic driver of the City of Memphis.

In 2015, Elvis Presley Enterprises (EPE) embarked on a comprehensive revitalization plan to build a new 450-room hotel (The Guest House at Graceland) and a new 220,000 SF retail, exhibition, and museum facility (ELVIS: Past, Present, and Future).

To complete the multi-phase project, EPE worked with EDGE, the City of Memphis, Shelby County, and the State of Tennessee to create a Tax Increment Financing (TIF) District, a new Tourism Development Zone (TDZ), and Tourism Development Zone surcharge. In 2015, EDGE approved $124 million in financing supported by the new TDZ, TDZ surcharge, TIF, and other revenue.

Bond Term:

Not applicable

Bond Amount:

$124,000,000

Projected Total Jobs:

290

Total Investment:

$153,600,000

Approved

5/20/2015

Elvis Presley Enterprises, Inc.

3734 Elvis Presley Blvd, Memphis, TN 38116