Mansion Plans

Doors open at the White House June 7, 1982 Graceland

The willingness of Elvis Presley has named her father, Vernon Presley as executor and trustee. The beneficiaries were his nearest relatives, Minnie Mae Presley (grandmother), Vernon Presley (father) and Lisa Marie Presley (his only child). Elvis Presley died in 1977 legacy. Vernon Presley died in 1979. Minnie May Presley died in 1980. This left Lisa Marie Presley as the sole heir to the estate of Elvis Presley. Lisa Marie was to be held in trust for her until her twenty-fifth anniversary, February 1, 1993. Upon the death of his father, Lisa Marie was nine.
Elvis Presley is not a person to worry about financial planning. He chose freely to live and share his fortune during the days of his life. At his death, the estate he left was not broken, however, there was a cash flow problem, especially in the maintenance of Graceland that Lisa Marie on the cost half a million dollars a year. Thus, it seemed logical that Priscilla and the executors of the estate to open Graceland to the public as it was progressively lost inheritance Lisa Marie to pay taxes and property maintenance.
Priscilla Presley hired Jack Soden, an investment advisor in Missouri at the time to plan and execute the opening of Graceland to the public and oversee the running total. Graceland opened for tours June 7, 1982.
Over the next few years, properties in and around Graceland have been acquired. Today, all shops and attractions of what is now known as Graceland Plaza are owned and operated by the company Elvis Presley (EPA). Some of the property near Graceland was already owned by the Company Elvis Presley. It was purchased in 1962 but was never developed.
A very important development for the Graceland visitor experience is the addition of Elvis, Lisa Marie and Hound Dog II Jet Aircraft Jet Star. Vernon Presley, Elvis's father, had sold the two planes in the year 1978. The current owners of Elvis Presley Enterprise's return home to Memphis in a joint venture and open for visits on board in 1984. Another development of major tourist attraction has been the opening of the Automobile Museum at Graceland, Elvis Presley Plaza in 1989.
The Graceland Mansion has continued to grow and become a tourist site profitable. In the second half of 1980, Graceland Crossing, which is a nearby shopping mall, with stores that featured Elvis-related items, was constructed. Graceland Crossing is located just north of Graceland Plaza. It was independently owned until purchased Graceland in the fall of 1997 as an addition to Graceland Mansion visitor facilities.
Following this purchase was another important event that involved the purchase of a hotel property near existing. The property was renovated and renamed "Elvis Presley's Heartbreak Hotel" in 1999. It is the continued expansion and continuous improvement of visitor facilities Graceland Mansion. The development of new Elvis exhibition projects are planned for the Graceland complex as well, and since the opening of Graceland to the public in 1982, it has welcomed millions of visitors from all EU Member States and almost all countries world.
The opening of Graceland Mansion, also benefited the tourism industry in Memphis in general. Before its opening, there was only minimal tourism trade in Memphis, Tennessee. Graceland Mansion is quickly becoming the cornerstone of the tourism industry in Memphis and the region.
Important Disclaimer: The website address in the resource box of this article is not associated with the White House Graceland, Elvis Presley Enterprise of the Company or any of their employees. This article and website are available in a travel planning resources to the Graceland Mansion in Memphis.