Tuesday the Memphis City Council will take up Elvis Presley Enterprises’ plans to build an arena at Graceland. It is one of many important issues facing the council, from Elvis to historic neighborhoods.
Council members will take up the Graceland expansion issue for the first time since Mayor Jim Strickland publicly expressed his opposition of taxpayer money being used to pay for the new 6,000 seat arena in Whitehaven.
Some council members are more concerned over breaking a long-standing agreement with the Grizzlies, a deal that has sent many live shows and revenue across state lines to the Landers Center in Mississippi.
Residents of Whitehaven are excited over the possibilities jobs and economic growth with Graceland’s expansion, which also includes an exhibition hall and factory.
The discussion over increasing the project’s tax incentive package called a TIF starts at 10:30 a.m. Tuesday morning during committee meetings at City Hall.
Meantime, Cooper-Young was granted historic overlay district status last month, but they’re awaiting council amendments on guidelines to the ordinance.
Speedway Terrace in the area of North Parkway was placed on the National Register of Historic Places in 1999, and now residents there are asking the city to grant them historic designation Tuesday night.
The city designation would provide additional protection from future development that would alter the architectural fabric of the community.