Although Elvis Presley has been gone for over 30 years he still has plenty of fans and many people make the pilgrimage to Graceland each year. A recent AP story
says that the owners of the property, CKX Inc., are beginning to make moves on a redevelopment project for the 100 acres surrounding the Tennessee home. Robert Sillerman, owner of the "American Idol" franchise, bought controlling interest of Elvis Presley Enterprises in 2004, previously floated a $250 million redevelopment of the area several years ago that would include a demolition of the old visitors center and Heartbreak Hotel. He is planning a two-day session next month at Graceland to discuss the plans for a new vision for the popular landmark.
The meeting will not include government officials but they may be involved at a later date because improvements to city features like Elvis Presley Boulevard may be necessary. While now isn't the best time for starting projects given that banks are still holding tightly to the purse strings when it comes to loans, it seems like this is one project that is a bit of a sure thing. After all, Elvis continues to be on the list of top earning dead celebrities
year after year.