Elvis, Grizzlies, Memphis entangled in court battle over tax inc - WMC Action News 5 - Memphis, Tennessee

Elvis, Grizzlies, Memphis entangled in court battle over tax incentives

Graceland (Source: WMC Action News 5) Graceland (Source: WMC Action News 5)
MEMPHIS, TN (WMC) -

One of Memphis' favorite sons is now entangled in a fight with the Bluff City.

Elvis Presley Enterprises (EPE) is working to open an entertainment complex at Graceland. However, an agreement between City of Memphis and the Grizzlies makes it impossible to use public funds to open any arena that would compete with FedExForum.

That agreement was one of the things that helped lure the Grizzlies organization from Vancouver, but now it's keeping EPE from opening its 6,200 seat venue in Whitehaven--because EPE said it needs tax incentives to help pay for the venue.

EPE said the venue would not compete with FedExForum, which seats more than 18,000. The group asked Shelby County Chancery Court to take up the dispute.

EPE said it has gone back and forth with City of Memphis and the Grizzlies to negotiate an agreement. But because neither side could come to an agreement, EPE said it was "left with no choice to protect both itself and the city of Memphis by filing a declaratory judgment action."

City of Memphis responded to EPE's decision to go to court with the following statement:

"The city has worked in good faith to attempt to negotiate with Elvis Presley Enterprises to find a suitable resolution for its concerns. The administration is shocked that EPE would use a misleading press statement and a lawsuit to try to advance its position in the negotiations."

The Grizzlies organization did not release a comment concerning the controversy.

Copyright 2017 WMC Action News 5. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Police say teen who searched for missing pal was his killer

    Police say teen who searched for missing pal was his killer

    Thursday, April 19 2018 4:56 PM EDT2018-04-19 20:56:14 GMT
    Friday, April 20 2018 3:01 AM EDT2018-04-20 07:01:15 GMT
    (AP Photo/Mike Balsamo). Los Angeles County sheriff's Lt. John Corina, left, speaks next to Deputy Joana Warren outside of the sheriff's homicide bureau office in Monterey Park, Calif., Thursday, April 19, 2018. Los Angeles County sheriff's investigato...(AP Photo/Mike Balsamo). Los Angeles County sheriff's Lt. John Corina, left, speaks next to Deputy Joana Warren outside of the sheriff's homicide bureau office in Monterey Park, Calif., Thursday, April 19, 2018. Los Angeles County sheriff's investigato...
    Los Angeles County sheriff's investigators say a 16-year-old who was part of a search party looking for a missing high school sports star led the group to discover the boy's body but investigators suspect he was...More >>
    Los Angeles County sheriff's investigators say a 16-year-old who was part of a search party looking for a missing high school sports star led the group to discover the boy's body but investigators suspect he was the person who fatally stabbed him.More >>
Powered by Frankly