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MEMPHIS, Tenn. -- A new $45 million entertainment complex is set to open next year at Graceland.
The 200,000 square foot Graceland entertainment complex will offer a 'fully-immersive Elvis and pop culture experience to celebrate the most popular entertainer of all time.'
The facility will feature what are being called 'state-of-the art, engaging and interactive exhibitions, attractions and an entirely new visitor experience.'
The complex will be built behind the current visitors center on the site of the former Craft Manor apartments.
In October, the $92 million The Guest House at Graceland hotel will open.
Elvis Presley Enterprises says it is investing a total of $137 million in the Whitehaven community and creating more than 500 new jobs.
Graceland released the following statement regarding funding of its projects.
“Graceland has not received any money from the city or county. Statements to the effect that Graceland has received upwards of 78 million dollars in public funding are false. All financial risks associated with the construction, completion and continuing operations of expansion projects in Whitehaven will be borne by Graceland and related entities, not the taxpayers of Memphis and Shelby County. The tax incentives for the project are based solely on Graceland's performance and are site-specific, limited to the Graceland campus.
According to an independent report prepared by Younger and Associates, the Graceland project will lead to $1 billion in additional economic activity to Shelby County over the next 15 years and create 500 new jobs -- 280 at Graceland and 220 additional jobs in Shelby County as a result of additional spending by Graceland visitors outside the Graceland campus, according to the Younger report.”
Elvis Presley Enterprises, Inc. | Director of Public Relations