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Elvis Presley Enterprises, Inc. Series 2018
SummaryGraceland 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 2014, Elvis Presley Enterprises (EPE) embarked on a three-phase comprehensive revitalization plan to build: 1) a 200-seat Archive Theatre; 2) a new 450-room hotel (The Guest House at Graceland); and 3) a new 200,000 to 300,000 squre foot 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 a Tourism Development Zone surcharge.
In April 2018, after the completion of the new Archive Theatre, 450-room hotel (The Guest House at Graceland), and 220,000 square feet of the retail, exhibition, and museum facility, EPE embarked on the development of the remaining 80,000 square foot convention and exhibition space complete with restaurant and entertainment venues and related roadway improvements and infrastructure. EPE worked with EDGE, again, to issue up to $20 million of bonds to finance the project.
Projected Total Jobs:
Elvis Presley Enterprises, Inc. Series 20183734 Elvis Presley Blvd, Memphis, TN 38116
- Bond Application
- Bond Resolution