A multi-million dollar development project could be coming to Whitehaven.
Elvis Presley Enterprises has unveiled plans for a 7,000 seat theatre at Graceland.
A spokesman says the new theatre at Graceland would be larger than the Orpheum Theatre, but smaller than the FedEx Forum right around the corner.
It would give Memphis another venue for live performances and community events and that means more jobs, tourists and tax revenue.
Attorney Jay Campbell unveiled plans on behalf of Elvis Enterprises for a brand new 7,000 seat theatre to be built at Graceland.
He described to Memphis City Council Tuesday how recently completed developments at Graceland in Whitehaven have enhanced the tourist experience and the economy.
Graceland leaders think the new theatre will do the same for economic development and jobs in the Bluff City.
“Its 7,000 seats right now we’re thinking 6,200,” said Campbell.
That’s more seats than Downtown’s Orpheum Theatre, but fewer than FedEx Forum.
Elvis Presley Enterprises is banking on 50 events a year in the new venue and adding 150 jobs.
According to the Memphis Convention and Visitors Bureau that would add to the 35,000 people already working in Memphis’ tourism industry, who greet 10 million visitors each year.
Those visitors bring in more than 3 billion dollars, generating $135-million in local tax revenue.
The newest edition to the Graceland campus would also include a museum and retail spaces.
The $40 to $50 million dollar theatre would be built behind Elvis Presley’s Memphis complex which just opened in March.
Graceland hopes to have the theatre opened by early 2019.