Two pieces of the next expansion phrase of Elvis Presley Enterprises’ Graceland were approved Thursday by the Economic Development Growth Engine for Memphis and Shelby County (EDGE) during a specially called meeting. The first of the two votes was a unanimous one approving a 80,000-square-foot exhibition and convention center, housing two 20,000-square-foot exhibition halls on each side with a lobby in the middle for food and beverage services. The board then voted 5 to 3 to amend Graceland’s Economic Impact Plan, increasing their TIF (tax increment financing) by 15 percent in order for a 6,200-seat performance venue to be constructed. EPE agreed to privately fund the arena if they...
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EDGE Approves Two Graceland Expansion Plans