April 22 - Take-off!

The city council of Memphis has just voted a few minutes ago on the Whitehaven planned development that would move two of Elvis Presley’s private jets off Graceland property to a lot at 3850 Elvis Presley Blvd., on the other side of the southern boundary of property owned by Elvis Presley Enterprises.

OKC Partnership, which owns the “Lisa Marie” and “Hound Dog 2,” has a contract with Elvis Presley Enterprises for their current display on the opposite side of Elvis Presley Boulevard from the gates of Graceland. But during contract renewal talks, EPE requested that OKC remove the jets from its property. 

Also on the council’s agenda was the second of three readings of an ordinance establishing the Graceland Tourism Development Zone tourism surcharge – 5 percent added onto anything bought on the 120-acre Graceland campus. The surcharge is to pay the debt from the coming redevelopment of Graceland, including the $90 million, 450-room 'The Guest House at Graceland' resort hotel north of the mansion.

(Source: ElvisMatters)

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